Brenntag (OTCMKTS:BNTGY) Sees Large Volume Increase – Should You Buy?

Brenntag AG (OTCMKTS:BNTGY) saw unusually-high trading volume on Tuesday . Approximately 91,236 shares were traded during mid-day trading, an increase of 160% from the previous session’s volume of 35,158 shares.The stock last traded at $10.48 and had previously closed at $10.46.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the company. Citigroup reaffirmed a “neutral” rating on shares of Brenntag in a research report on Friday, November 14th. Morgan Stanley lowered Brenntag from an “equal weight” rating to an “underweight” rating in a research note on Tuesday, January 6th. Finally, Barclays upgraded shares of Brenntag to a “hold” rating in a research note on Thursday, January 15th. Six investment analysts have rated the stock with a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Reduce” and a consensus target price of $12.80.

Brenntag Price Performance

The stock has a market cap of $7.59 billion, a PE ratio of 16.44 and a beta of 0.75. The company’s fifty day moving average is $12.15 and its 200-day moving average is $11.79.

Brenntag Company Profile

Brenntag SE, trading on OTCMKTS as BNTGY, is a global market leader in the distribution of chemicals and ingredients. With headquarters in Essen, Germany, the company serves a wide range of industries including coatings and construction, cleaning and water treatment, food and nutrition, pharmaceuticals and personal care, as well as oil and gas. Brenntag operates through two core segments—Essentials and Specialties—offering both standard commodity chemicals and tailored specialty solutions to customers around the world.

Its product portfolio encompasses inorganic and organic chemicals, polymers, petrochemicals and specialty ingredients.