Basf (OTCMKTS:BASFY) Stock Price Down 0.6% - Here's What Happened

Basf Se (OTCMKTS:BASFY - Get Free Report) fell 0.6% during mid-day trading on Monday . The stock traded as low as $12.42 and last traded at $12.47. 49,597 shares changed hands during trading, a decline of 76% from the average session volume of 206,568 shares. The stock had previously closed at $12.54.

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. downgraded shares of Basf from a "neutral" rating to an "underweight" rating in a report on Thursday, March 27th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Hold".

Basf Trading Down 0.5%

The company has a current ratio of 1.83, a quick ratio of 1.07 and a debt-to-equity ratio of 0.51. The business's fifty day simple moving average is $12.21 and its two-hundred day simple moving average is $12.31. The stock has a market capitalization of $43.79 billion, a P/E ratio of 53.33, a P/E/G ratio of 10.40 and a beta of 1.06.

Basf (OTCMKTS:BASFY - Get Free Report) last released its quarterly earnings data on Friday, May 2nd. The basic materials company reported $0.41 EPS for the quarter, topping analysts' consensus estimates of $0.38 by $0.03. The company had revenue of $18.31 billion during the quarter, compared to the consensus estimate of $17.34 billion. Basf had a net margin of 1.13% and a return on equity of 8.20%. As a group, analysts forecast that Basf Se will post 0.83 earnings per share for the current year.

Basf Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Monday, May 19th. Stockholders of record on Wednesday, May 7th were issued a dividend of $0.4322 per share. This represents a dividend yield of 3.38%. The ex-dividend date of this dividend was Tuesday, May 6th. Basf's payout ratio is 191.30%.

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.