Basf (OTCMKTS:BASFY) Sees Unusually-High Trading Volume – Time to Buy?

Basf Se (OTCMKTS:BASFY) shares saw strong trading volume on Friday . 529,151 shares were traded during trading, an increase of 235% from the previous session’s volume of 157,725 shares.The stock last traded at $13.60 and had previously closed at $13.82.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the stock. DZ Bank lowered shares of Basf from a “strong-buy” rating to a “hold” rating in a report on Monday. Berenberg Bank downgraded Basf from a “hold” rating to a “sell” rating in a report on Tuesday, October 14th. Zacks Research cut Basf from a “hold” rating to a “strong sell” rating in a report on Tuesday. Citigroup assumed coverage on shares of Basf in a research note on Wednesday, October 15th. They issued a “buy” rating on the stock. Finally, Deutsche Bank Aktiengesellschaft cut shares of Basf from a “buy” rating to a “hold” rating in a report on Monday, November 24th. Two investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat, Basf has an average rating of “Reduce”.

Basf Price Performance

The firm has a market cap of $48.95 billion, a price-to-earnings ratio of 135.96 and a beta of 0.83. The company’s fifty day moving average is $13.01 and its 200 day moving average is $12.84. The company has a quick ratio of 1.01, a current ratio of 1.82 and a debt-to-equity ratio of 0.56.

Basf Company Profile

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.