Basf (OTCMKTS:BASFY) Stock Price Down 1.8%

Basf Se (OTCMKTS:BASFY) was down 1.8% during mid-day trading on Monday . The stock traded as low as $12.01 and last traded at $12.04. Approximately 98,078 shares changed hands during mid-day trading, a decline of 44% from the average daily volume of 173,805 shares. The stock had previously closed at $12.25.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on BASFY shares. HSBC lowered shares of Basf from a “buy” rating to a “hold” rating in a report on Monday, June 19th. BNP Paribas lowered shares of Basf from an “outperform” rating to a “neutral” rating in a report on Monday, July 31st. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, Basf has a consensus rating of “Hold” and an average price target of $59.00.

Basf Stock Down 1.8 %

The stock has a market capitalization of $43.54 billion, a PE ratio of -23.60 and a beta of 1.25. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.90 and a quick ratio of 1.10. The business’s fifty day moving average price is $12.61 and its two-hundred day moving average price is $12.66.

Basf (OTCMKTS:BASFY) last posted its quarterly earnings results on Friday, July 28th. The basic materials company reported $0.20 EPS for the quarter, missing the consensus estimate of $0.25 by ($0.05). Basf had a negative net margin of 2.21% and a positive return on equity of 9.32%. The business had revenue of $18.84 billion during the quarter, compared to analysts’ expectations of $19.78 billion. On average, equities research analysts forecast that Basf Se will post 1.03 EPS for the current fiscal year.

About Basf

BASF SE operates as a chemical company worldwide. It operates through six segments: Chemicals, Materials, Industrial Solutions, Surface Technologies, Nutrition & Care, and Agricultural Solutions. The Chemicals segment provides petrochemicals and intermediates. The Materials segment offers advanced materials and their precursors for applications and systems, such as isocyanates, polyamides, and inorganic basic products, as well as specialties for plastics and plastics processing industries.