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

Basf Se (OTCMKTS:BASFY) shares saw unusually-high trading volume on Monday . 982,245 shares were traded during mid-day trading, an increase of 455% from the previous session’s volume of 177,095 shares.The stock last traded at $14.61 and had previously closed at $14.79.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the stock. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Basf in a report on Tuesday, May 5th. Morgan Stanley reaffirmed an “overweight” rating on shares of Basf in a research report on Tuesday, May 12th. Kepler Capital Markets raised Basf from a “hold” rating to a “buy” rating in a report on Thursday, June 11th. Finally, Citigroup reissued a “buy” rating on shares of Basf in a research note on Friday, April 24th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy”.

Basf Price Performance

The firm has a market cap of $52.16 billion, a P/E ratio of 7.53, a price-to-earnings-growth ratio of 1.09 and a beta of 0.73. The stock’s 50-day moving average is $14.03 and its 200-day moving average is $14.51. The company has a quick ratio of 1.26, a current ratio of 1.91 and a debt-to-equity ratio of 0.56.

Basf (OTCMKTS:BASFY) last announced its quarterly earnings data on Wednesday, July 29th. The basic materials company reported $0.37 earnings per share for the quarter, topping the consensus estimate of $0.24 by $0.13. Basf had a return on equity of 5.78% and a net margin of 9.40%.The company had revenue of $19.99 billion for the quarter, compared to analyst estimates of $18.85 billion. As a group, equities 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 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.