Basf (OTCMKTS:BASFY) Sees Large Volume Increase – Time to Buy?

Basf Se (OTCMKTS:BASFY) shares saw an uptick in trading volume on Friday . Approximately 338,364 shares were traded during trading, an increase of 95% from the previous session’s volume of 173,327 shares.The stock last traded at $14.76 and had previously closed at $15.06.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on BASFY shares. Citigroup reiterated a “buy” rating on shares of Basf in a research report on Thursday, September 3rd. Kepler Capital Markets raised shares of Basf from a “hold” rating to a “buy” rating in a research note on Thursday, June 11th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy”.

Basf Trading Down 1.5%

The firm’s 50-day moving average is $14.70 and its 200-day moving average is $14.63. The company has a current ratio of 1.85, a quick ratio of 1.19 and a debt-to-equity ratio of 0.50. The firm has a market cap of $52.94 billion, a price-to-earnings ratio of 7.64, a P/E/G ratio of 1.10 and a beta of 0.74.

Basf (OTCMKTS:BASFY) last released its quarterly earnings data on Wednesday, July 29th. The basic materials company reported $0.37 earnings per share for the quarter, beating analysts’ consensus estimates of $0.24 by $0.13. The firm had revenue of $19.99 billion for 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, sell-side analysts anticipate that Basf Se will post 0.84 EPS 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.