Basf (OTCMKTS:BASFY) Reaches New 52-Week Low – Here’s What Happened

Shares of Basf Se (OTCMKTS:BASFY) reached a new 52-week low on Monday . The stock traded as low as $10.90 and last traded at $10.96, with a volume of 274564 shares. The stock had previously closed at $11.05.

Analyst Ratings Changes

Several equities analysts have commented on BASFY shares. Citigroup raised shares of Basf to a “hold” rating in a research note on Wednesday, October 9th. JPMorgan Chase & Co. assumed coverage on Basf in a report on Friday, October 11th. They set a “neutral” rating on the stock. UBS Group lowered Basf from a “buy” rating to a “neutral” rating in a research note on Monday, October 14th. The Goldman Sachs Group raised Basf from a “neutral” rating to a “buy” rating in a research note on Monday, November 11th. Finally, Jefferies Financial Group raised Basf from a “hold” rating to a “buy” rating in a research note on Wednesday, November 13th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy”.

Basf Stock Performance

The stock has a market cap of $39.13 billion, a price-to-earnings ratio of 68.50, a price-to-earnings-growth ratio of 1.16 and a beta of 1.19. The company’s 50-day simple moving average is $11.57 and its 200-day simple moving average is $11.98. The company has a quick ratio of 1.23, a current ratio of 2.09 and a debt-to-equity ratio of 0.49.

Basf (OTCMKTS:BASFY) last announced its earnings results on Wednesday, October 30th. The basic materials company reported $0.09 earnings per share (EPS) for the quarter. Basf had a return on equity of 6.53% and a net margin of 0.78%. The company had revenue of $17.30 billion for the quarter. Analysts predict that Basf Se will post 0.89 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 comprising isocyanates, polyamides, and inorganic basic products, as well as specialties for plastics and plastics processing industries.