Basf (OTCMKTS:BASFY) Sees Unusually-High Trading Volume – What’s Next?

Basf Se (OTCMKTS:BASFY) shares saw unusually-high trading volume on Wednesday . Approximately 320,431 shares traded hands during trading, an increase of 93% from the previous session’s volume of 165,627 shares.The stock last traded at $15.3840 and had previously closed at $15.67.

Wall Street Analyst Weigh In

BASFY has been the topic of several analyst reports. Barclays downgraded Basf from a “hold” rating to a “strong sell” rating in a report on Wednesday, February 18th. Santander downgraded Basf to a “neutral” rating in a report on Wednesday, February 18th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Basf in a report on Tuesday. DZ Bank upgraded Basf from a “hold” rating to a “strong-buy” rating in a report on Monday, March 2nd. Finally, Kepler Capital Markets reiterated a “hold” rating on shares of Basf in a report on Tuesday, March 31st. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Basf currently has an average rating of “Hold”.

Basf Stock Down 1.1%

The company has a current ratio of 1.93, a quick ratio of 1.19 and a debt-to-equity ratio of 0.54. The firm has a market cap of $55.34 billion, a price-to-earnings ratio of 26.72, a PEG ratio of 1.34 and a beta of 0.75. The firm has a 50-day moving average of $14.72 and a two-hundred day moving average of $13.69.

Basf (OTCMKTS:BASFY) last posted its quarterly earnings data on Thursday, April 30th. The basic materials company reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.31 by $0.08. The business had revenue of $18.74 billion during the quarter, compared to analysts’ expectations of $18.44 billion. Basf had a return on equity of 3.90% and a net margin of 2.91%. As a group, sell-side analysts predict that Basf Se will post 0.81 earnings per share for the current fiscal 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.