Basf (OTCMKTS:BASFY) Sees Unusually-High Trading Volume - Here's What Happened

Key Points

• BASF shares experienced unusually high trading volume, with 982,245 shares changing hands—455% above the prior session—while the stock last traded at $14.61 versus a $14.79 close.
• Analyst sentiment is broadly positive: Kepler Capital Markets upgraded BASF to “buy,” while other firms maintained buy or overweight ratings. MarketBeat lists a consensus rating of “Moderate Buy.”
• BASF exceeded quarterly expectations, reporting $0.37 EPS versus a $0.24 consensus and revenue of $19.99 billion versus $18.85 billion expected.

Basf Se (OTCMKTS:BASFY - Get Free Report) shares saw unusually-strong trading volume on Monday . 982,245 shares changed hands during trading, an increase of 455% from the previous session's volume of 177,095 shares.The stock last traded at $14.61 and had previously closed at $14.79.

Analyst Ratings Changes

BASFY has been the topic of a number of research reports. Kepler Capital Markets raised shares of Basf from a "hold" rating to a "buy" rating in a report on Thursday, June 11th. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating on shares of Basf in a research note on Tuesday, May 5th. Citigroup restated a "buy" rating on shares of Basf in a research note on Friday, April 24th. Finally, Morgan Stanley reaffirmed an "overweight" rating on shares of Basf in a report on Tuesday, May 12th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy".

Basf Stock Performance

The stock has a market cap of $52.16 billion, a P/E ratio of 7.53, a PEG ratio of 1.09 and a beta of 0.73. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.91 and a quick ratio of 1.26. The company has a fifty day moving average of $14.03 and a 200 day moving average of $14.51.

Basf (OTCMKTS:BASFY - Get Free Report) last announced its quarterly earnings data on Wednesday, July 29th. The basic materials company reported $0.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.24 by $0.13. The company had revenue of $19.99 billion for the quarter, compared to analysts' expectations of $18.85 billion. Basf had a net margin of 9.40% and a return on equity of 5.78%. On average, equities analysts predict that Basf Se will post 0.84 earnings per share for the current fiscal year.

Basf Company Profile

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.

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