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

Basf Se (OTCMKTS:BASFY) saw unusually-high trading volume on Tuesday . Approximately 194,164 shares traded hands during 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.

Wall Street Analyst Weigh In

BASFY has been the subject of several research reports. Santander lowered shares of Basf to a “neutral” rating in a research report on Wednesday, February 18th. Barclays cut Basf from a “hold” rating to a “strong sell” rating in a research report on Wednesday, February 18th. Deutsche Bank Aktiengesellschaft upgraded Basf from a “hold” rating to a “buy” rating in a research report on Tuesday, March 24th. DZ Bank upgraded Basf from a “hold” rating to a “strong-buy” rating in a research report on Monday, March 2nd. Finally, Zacks Research upgraded Basf from a “strong sell” rating to a “hold” rating in a research report on Wednesday, March 18th. One research analyst has rated the stock with a Strong Buy rating, three have given 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 Performance

The firm has a market cap of $53.75 billion, a PE ratio of 29.52, a PEG ratio of 1.54 and a beta of 0.76. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.93 and a quick ratio of 1.19. The business has a 50-day simple moving average of $14.25 and a 200 day simple moving average of $13.26.

Basf (OTCMKTS:BASFY) last released its earnings results on Friday, February 27th. The basic materials company reported ($0.12) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.30 by ($0.42). Basf had a return on equity of 4.37% and a net margin of 2.59%.The business had revenue of $16.56 billion for the quarter, compared to analysts’ expectations of $14.32 billion. Equities research 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.