Basf (OTCMKTS:BASFY) Shares Gap Down – Here’s Why

Basf Se (OTCMKTS:BASFY) shares gapped down prior to trading on Monday . The stock had previously closed at $14.67, but opened at $14.17. Basf shares last traded at $14.01, with a volume of 58,267 shares.

Wall Street Analysts Forecast Growth

BASFY has been the subject of several research analyst reports. Barclays lowered Basf from a “hold” rating to a “strong sell” rating in a report on Wednesday, February 18th. Kepler Capital Markets reissued a “hold” rating on shares of Basf in a report on Tuesday, March 31st. Morgan Stanley reissued an “overweight” rating on shares of Basf in a report on Tuesday, May 12th. Santander lowered Basf to a “neutral” rating in a report on Wednesday, February 18th. Finally, Citigroup reissued a “buy” rating on shares of Basf in a report on Friday, April 24th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold”.

Basf Stock Down 3.8%

The company has a fifty day simple moving average of $15.31 and a 200-day simple moving average of $14.12. The company has a quick ratio of 1.19, a current ratio of 1.93 and a debt-to-equity ratio of 0.54. The firm has a market cap of $50.37 billion, a P/E ratio of 24.33, a price-to-earnings-growth ratio of 1.17 and a beta of 0.72.

Basf (OTCMKTS:BASFY) last released its quarterly earnings data on Thursday, April 30th. The basic materials company reported $0.39 earnings per share for the quarter, topping analysts’ consensus estimates of $0.31 by $0.08. The firm had revenue of $18.74 billion during the quarter, compared to analyst estimates of $18.44 billion. Basf had a return on equity of 3.90% and a net margin of 2.91%. On average, equities analysts anticipate that Basf Se will post 0.85 earnings per share for the current year.

Basf Company Profile

BASF SE is a Germany-based chemical company founded in 1865 (originally Badische Anilin- & Soda-Fabrik) and headquartered in Ludwigshafen. It is one of the world’s largest chemical producers, supplying raw materials, intermediates and finished chemical products to a broad range of industries including automotive, construction, agriculture, consumer goods, electronics and industrial manufacturing. The company combines large-scale production with global commercial and logistics networks to serve customers in many end markets.

BASF’s activities span basic and specialty chemicals, performance materials, functional additives, catalysts and coatings, as well as products for nutrition and personal care.