Brenntag (ETR:BNR) Stock Price Breaks Below 50-Day Moving Average – Here’s Why

Shares of Brenntag SE (ETR:BNR – Get Free Report) passed below its 50-day moving average during trading on Tuesday. The stock has a 50-day moving average of €61.59 and traded as low as €60.90. Brenntag shares last traded at €61.18, with a volume of 233,143 shares trading hands.

Brenntag Trading Up 0.7%

The company’s 50 day moving average price is €61.59 and its two-hundred day moving average price is €57.87. The firm has a market cap of $9.18 billion, a PE ratio of 16.83, a P/E/G ratio of 0.39 and a beta of 0.53. The company has a quick ratio of 1.19, a current ratio of 1.70 and a debt-to-equity ratio of 81.39.

Brenntag Company Profile

(Get Free Report)

Brenntag SE purchases and supplies various industrial and specialty chemicals, and ingredients in Germany, Europe, the Middle East, Africa, the Americas, and the Asia Pacific. The company operates in two segments, Brenntag Essentials and Brenntag Specialties. It provides just-in-time delivery, product mixing, blending, repackaging, inventory management, and drum return handling. The company serves customers in various end-market industries, including nutrition, pharma, personal care, water treatment, and lubricants; and home, industrial, and institutional markets, as well as coatings and constructions, polymers, and rubber industries.

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