Basf (OTCMKTS:BASFY) Shares Gap Down – Here’s Why

Shares of Basf Se (OTCMKTS:BASFY) gapped down prior to trading on Monday . The stock had previously closed at $14.67, but opened at $14.17. Basf shares last traded at $14.01, with a volume of 58,267 shares.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on BASFY shares. DZ Bank upgraded Basf from a “hold” rating to a “strong-buy” rating in a research report on Monday, March 2nd. Barclays downgraded Basf from a “hold” rating to a “strong sell” rating in a research note on Wednesday, February 18th. Kepler Capital Markets reaffirmed a “hold” rating on shares of Basf in a research report on Tuesday, March 31st. Zacks Research raised shares of Basf from a “strong sell” rating to a “hold” rating in a report on Wednesday, March 18th. Finally, Morgan Stanley restated an “overweight” rating on shares of Basf in a research report on Tuesday, May 12th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Basf has a consensus rating of “Hold”.

Basf Trading Down 0.1%

The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.19 and a current ratio of 1.93. The stock has a fifty day moving average of $15.28 and a 200 day moving average of $14.14. The company has a market capitalization of $50.16 billion, a P/E ratio of 24.22, a PEG ratio of 1.12 and a beta of 0.72.

Basf (OTCMKTS:BASFY) last posted its quarterly earnings data on Thursday, April 30th. The basic materials company reported $0.39 earnings per share for the quarter, beating analysts’ consensus estimates of $0.31 by $0.08. The firm had revenue of $18.74 billion for the quarter, compared to analysts’ expectations of $18.44 billion. Basf had a return on equity of 3.90% and a net margin of 2.91%. As a group, equities research analysts anticipate that Basf Se will post 0.85 EPS for the current fiscal year.

About Basf

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.