Basf (OTCMKTS:BASFY) Lowered to Strong Sell Rating by Zacks Research

Basf (OTCMKTS:BASFY) was downgraded by Zacks Research from a “hold” rating to a “strong sell” rating in a report issued on Tuesday,Zacks.com reports.

BASFY has been the subject of a number of other research reports. Deutsche Bank Aktiengesellschaft cut shares of Basf from a “buy” rating to a “hold” rating in a report on Monday, November 24th. DZ Bank lowered shares of Basf from a “strong-buy” rating to a “hold” rating in a report on Monday. Berenberg Bank cut shares of Basf from a “hold” rating to a “sell” rating in a research report on Tuesday, October 14th. Finally, Citigroup began coverage on Basf in a report on Wednesday, October 15th. They set a “buy” rating on the stock. Two analysts have rated the stock with a Buy rating, two have issued a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, Basf has an average rating of “Reduce”.

Basf Price Performance

Shares of BASFY opened at $13.71 on Tuesday. The stock has a market cap of $49.34 billion, a P/E ratio of 137.11 and a beta of 0.83. Basf has a 1 year low of $10.75 and a 1 year high of $14.76. The stock’s 50-day moving average price is $12.97 and its two-hundred day moving average price is $12.83. The company has a current ratio of 1.82, a quick ratio of 1.01 and a debt-to-equity ratio of 0.56.

About Basf

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.