Basf (OTCMKTS:BASFY) Sees Unusually-High Trading Volume – Here’s Why

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.

Wall Street Analyst Weigh In

Several brokerages have issued reports on BASFY. Citigroup restated a “buy” rating on shares of Basf in a research report on Thursday, September 3rd. Kepler Capital Markets raised Basf from a “hold” rating to a “buy” rating in a research report on Thursday, June 11th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy”.

Basf Stock Down 1.5%

The stock’s 50-day moving average price is $14.70 and its 200-day moving average price 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 stock 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 announced its earnings results on Wednesday, July 29th. The basic materials company reported $0.37 earnings per share for the quarter, topping analysts’ consensus estimates of $0.24 by $0.13. The business had revenue of $19.99 billion during the quarter, compared to the consensus estimate of $18.85 billion. Basf had a net margin of 9.40% and a return on equity of 5.66%. On average, sell-side analysts expect that Basf Se will post 0.84 earnings per share for the current year.

Basf Company Profile

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.