Basf (OTCMKTS:BASFY) Reaches New 12-Month Low – Time to Sell?

Shares of Basf Se (OTCMKTS:BASFY) reached a new 52-week low on Friday . The company traded as low as $10.95 and last traded at $11.11, with a volume of 183977 shares. The stock had previously closed at $11.05.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on BASFY shares. JPMorgan Chase & Co. initiated coverage on Basf in a report on Friday, October 11th. They set a “neutral” rating for the company. UBS Group downgraded shares of Basf from a “buy” rating to a “neutral” rating in a report on Monday, October 14th. Citigroup raised shares of Basf to a “hold” rating in a report on Wednesday, October 9th. Jefferies Financial Group upgraded Basf from a “hold” rating to a “buy” rating in a report on Wednesday, November 13th. Finally, The Goldman Sachs Group upgraded Basf from a “neutral” rating to a “buy” rating in a research note on Monday, November 11th. Two analysts have rated the stock with a sell rating, three have issued a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold”.

Basf Stock Up 0.5 %

The stock’s fifty day simple moving average is $12.33 and its 200-day simple moving average is $12.31. The stock has a market cap of $40.19 billion, a P/E ratio of 69.06, a P/E/G ratio of 1.12 and a beta of 1.22. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.23 and a current ratio of 2.09.

Basf (OTCMKTS:BASFY) last issued its quarterly 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 business had revenue of $17.30 billion during the quarter. As a group, research analysts forecast that Basf Se will post 0.89 earnings per share 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.