Basf (OTCMKTS:BASFY) Sets New 1-Year Low – Here’s Why

Basf Se (OTCMKTS:BASFY)’s stock price hit a new 52-week low during mid-day trading on Friday . The stock traded as low as $10.95 and last traded at $11.03, with a volume of 282387 shares traded. The stock had previously closed at $11.00.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on BASFY shares. The Goldman Sachs Group raised shares of Basf from a “neutral” rating to a “buy” rating in a research report on Monday, November 11th. UBS Group cut shares of Basf from a “buy” rating to a “neutral” rating in a report on Monday, October 14th. Citigroup upgraded shares of Basf to a “hold” rating in a research note on Wednesday, October 9th. Jefferies Financial Group upgraded Basf from a “hold” rating to a “buy” rating in a research note on Wednesday, November 13th. Finally, JPMorgan Chase & Co. started coverage on Basf in a report on Friday, October 11th. They issued a “neutral” rating on the stock. One research analyst has rated the stock with a sell rating, three have issued a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy”.

Basf Trading Down 0.3 %

The firm has a market capitalization of $39.90 billion, a P/E ratio of 68.94, a price-to-earnings-growth ratio of 1.16 and a beta of 1.19. The stock’s 50-day simple moving average is $11.75 and its two-hundred day simple moving average is $12.06. The company has a debt-to-equity ratio of 0.49, a current ratio of 2.09 and a quick ratio of 1.23.

Basf (OTCMKTS:BASFY) last posted its quarterly earnings results on Wednesday, October 30th. The basic materials company reported $0.09 earnings per share for the quarter. The business had revenue of $17.30 billion during the quarter. Basf had a return on equity of 6.53% and a net margin of 0.78%. Equities research analysts expect that Basf Se will post 0.89 EPS for the current year.

About Basf

BASF SE operates as a chemical company worldwide. It operates through six segments: Chemicals, Materials, Industrial Solutions, Surface Technologies, Nutrition & Care, and Agricultural Solutions. The Chemicals segment provides petrochemicals and intermediates. The Materials segment offers advanced materials and their precursors for applications and systems comprising isocyanates, polyamides, and inorganic basic products, as well as specialties for plastics and plastics processing industries.