Basf (OTCMKTS:BASFY) Hits New 1-Year Low – Time to Sell?

Basf Se (OTCMKTS:BASFY) reached a new 52-week low on Friday . The stock traded as low as $10.57 and last traded at $10.62, with a volume of 216636 shares trading hands. The stock had previously closed at $10.80.

Analyst Ratings Changes

Several equities analysts have weighed in on BASFY shares. Jefferies Financial Group upgraded Basf from a “hold” rating to a “buy” rating in a report on Wednesday, November 13th. Citigroup raised Basf to a “hold” rating in a research report on Wednesday, October 9th. JPMorgan Chase & Co. began coverage on Basf in a research report on Friday, October 11th. They issued a “neutral” rating on the stock. The Goldman Sachs Group raised Basf from a “neutral” rating to a “buy” rating in a research report on Monday, November 11th. Finally, UBS Group downgraded Basf from a “buy” rating to a “neutral” rating in a research report on Monday, October 14th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy”.

Basf Trading Down 1.6 %

The firm has a market capitalization of $37.92 billion, a price-to-earnings ratio of 66.39, a P/E/G ratio of 1.16 and a beta of 1.19. The business has a 50-day moving average of $11.30 and a two-hundred day moving average of $11.90. 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 released its earnings results on Wednesday, October 30th. The basic materials company reported $0.09 earnings per share 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 for the quarter. Research analysts predict that Basf Se will post 0.89 EPS for the current fiscal 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.