Basf (OTCMKTS:BASFY) Shares Gap Up – What’s Next?

Basf Se (OTCMKTS:BASFY)’s share price gapped up prior to trading on Wednesday . The stock had previously closed at $12.82, but opened at $13.20. Basf shares last traded at $12.89, with a volume of 11,539 shares changing hands.

Analyst Upgrades and Downgrades

BASFY has been the topic of a number of recent analyst reports. Zacks Research upgraded shares of Basf from a “strong sell” rating to a “hold” rating in a research note on Friday, October 10th. Berenberg Bank lowered shares of Basf from a “hold” rating to a “sell” rating in a report on Tuesday, October 14th. Citigroup assumed coverage on Basf in a research report on Wednesday, October 15th. They issued a “buy” rating on the stock. Finally, Deutsche Bank Aktiengesellschaft cut Basf from a “buy” rating to a “hold” rating in a research report on Monday, November 24th. Two investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold”.

Basf Price Performance

The stock has a market capitalization of $45.98 billion, a price-to-earnings ratio of 128.81 and a beta of 0.85. The company has a current ratio of 1.82, a quick ratio of 1.01 and a debt-to-equity ratio of 0.56. The stock has a 50-day moving average price of $12.63 and a 200 day moving average price of $12.68.

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.