Basf (OTCMKTS:BASFY) Shares Gap Down – Time to Sell?

Basf Se (OTCMKTS:BASFY)’s stock price gapped down prior to trading on Friday . The stock had previously closed at $15.52, but opened at $15.02. Basf shares last traded at $15.03, with a volume of 23,924 shares changing hands.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the stock. Kepler Capital Markets upgraded shares of Basf from a “hold” rating to a “buy” rating in a research note on Thursday, June 11th. Citigroup reaffirmed a “buy” rating on shares of Basf in a report on Thursday, September 3rd. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy”.

Basf Trading Down 3.0%

The stock has a market capitalization of $53.77 billion, a PE ratio of 7.76, a P/E/G ratio of 1.13 and a beta of 0.74. The company’s 50 day moving average price is $14.55 and its two-hundred day moving average price is $14.61. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.85 and a quick ratio of 1.19.

Basf (OTCMKTS:BASFY) last issued its earnings results on Wednesday, July 29th. The basic materials company reported $0.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.13. The company had revenue of $19.99 billion during the quarter, compared to analysts’ expectations of $18.85 billion. Basf had a return on equity of 5.66% and a net margin of 9.40%. As a group, analysts expect that Basf Se will post 0.84 earnings per share for the current year.

About Basf

BASF SE is a Germany-based chemical company headquartered in Ludwigshafen. Founded in 1865, the company develops and manufactures a broad range of chemicals and materials used by industrial, commercial and consumer customers worldwide. Its portfolio supports industries including automotive, construction, agriculture, electronics, energy, food and personal care.

BASF’s products include basic and specialty chemicals, plastics and performance materials, coatings, catalysts, battery materials, ingredients for nutrition and personal care, and crop protection products and seeds.