Basf (OTCMKTS:BASFY) Shares Gap Down – Time to Sell?

Shares of Basf Se (OTCMKTS:BASFY) gapped down prior to trading on Friday . The stock had previously closed at $15.52, but opened at $15.02. Basf shares last traded at $15.03, with a volume of 23,924 shares.

Analyst Upgrades and Downgrades

BASFY has been the subject of several research reports. Citigroup reiterated a “buy” rating on shares of Basf in a report on Thursday, September 3rd. Kepler Capital Markets upgraded Basf from a “hold” rating to a “buy” rating in a research report on Thursday, June 11th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy”.

Basf Price Performance

The company has a debt-to-equity ratio of 0.50, a current ratio of 1.85 and a quick ratio of 1.19. The company has a market capitalization of $53.77 billion, a PE ratio of 7.76, a price-to-earnings-growth ratio of 1.13 and a beta of 0.74. The stock’s 50 day simple moving average is $14.55 and its 200-day simple moving average is $14.61.

Basf (OTCMKTS:BASFY) last posted its quarterly earnings data on Wednesday, July 29th. The basic materials company reported $0.37 EPS for the quarter, beating the consensus estimate of $0.24 by $0.13. The business had revenue of $19.99 billion during the quarter, compared to analyst estimates of $18.85 billion. Basf had a net margin of 9.40% and a return on equity of 5.66%. As a group, equities analysts forecast that Basf Se will post 0.84 earnings per share for the current fiscal year.

About Basf

BASF SE is a Germany-based chemical company headquartered in Ludwigshafen. Founded in 1865, the company develops and manufactures a broad range of chemicals and materials used by industrial, commercial and consumer customers worldwide. Its portfolio supports industries including automotive, construction, agriculture, electronics, energy, food and personal care.

BASF’s products include basic and specialty chemicals, plastics and performance materials, coatings, catalysts, battery materials, ingredients for nutrition and personal care, and crop protection products and seeds.