Basf (OTCMKTS:BASFY) Reaches New 12-Month Low – Should You 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 traded. The stock had previously closed at $11.05.

Analysts Set New Price Targets

A number of brokerages recently issued reports on BASFY. JPMorgan Chase & Co. assumed coverage on shares of Basf in a research note on Friday, October 11th. They issued a “neutral” rating for the company. Citigroup upgraded shares of Basf to a “hold” rating in a research note on Wednesday, October 9th. The Goldman Sachs Group upgraded Basf from a “neutral” rating to a “buy” rating in a research note on Monday, November 11th. UBS Group cut Basf from a “buy” rating to a “neutral” rating in a research report on Monday, October 14th. Finally, Jefferies Financial Group raised Basf from a “hold” rating to a “buy” rating in a research report on Wednesday, November 13th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold”.

Basf Stock Performance

The firm has a fifty day simple moving average of $12.31 and a 200-day simple moving average of $12.28. The company has a current ratio of 2.09, a quick ratio of 1.23 and a debt-to-equity ratio of 0.49.

Basf (OTCMKTS:BASFY) last released its quarterly earnings results on Wednesday, October 30th. The basic materials company reported $0.09 earnings per share (EPS) for the quarter. The firm had revenue of $17.30 billion for the quarter. Basf had a return on equity of 6.53% and a net margin of 0.78%. Analysts predict that Basf Se will post 0.89 earnings per share for the current year.

Basf Company Profile

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.