Basf (OTCMKTS:BASFY) Sees Strong Trading Volume – Here’s Why

Shares of Basf Se (OTCMKTS:BASFY) saw unusually-high trading volume on Tuesday . Approximately 194,164 shares changed hands during mid-day trading, an increase of 11% from the previous session’s volume of 174,819 shares.The stock last traded at $15.14 and had previously closed at $14.85.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on BASFY shares. Citigroup reissued a “buy” rating on shares of Basf in a report on Wednesday, February 25th. Zacks Research raised Basf from a “strong sell” rating to a “hold” rating in a report on Wednesday, March 18th. Santander downgraded shares of Basf to a “neutral” rating in a report on Wednesday, February 18th. DZ Bank upgraded shares of Basf from a “hold” rating to a “strong-buy” rating in a research note on Monday, March 2nd. Finally, Deutsche Bank Aktiengesellschaft raised shares of Basf from a “hold” rating to a “buy” rating in a report on Tuesday, March 24th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold”.

Basf Price Performance

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’s 50 day simple moving average is $14.31 and its two-hundred day simple moving average is $13.29. The firm has a market cap of $54.52 billion, a price-to-earnings ratio of 29.94, a PEG ratio of 1.54 and a beta of 0.76.

Basf (OTCMKTS:BASFY) last posted its quarterly earnings data on Friday, February 27th. The basic materials company reported ($0.12) EPS for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.42). The company had revenue of $16.56 billion for the quarter, compared to the consensus estimate of $14.32 billion. Basf had a return on equity of 4.37% and a net margin of 2.59%. On average, equities analysts forecast that Basf Se will post 0.83 EPS for the current year.

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.