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

Key Points

• BASF shares gapped down from a previous close of $13.46 to an opening of $12.97, reflecting a decline in its trading performance.
• The company recently had its rating upgraded from "equal weight" to "overweight" by Morgan Stanley, contributing to a mix of ratings from analysts with one sell, three hold, and four buy ratings.
• BASF reported earnings of $0.41 per share for its last quarter, exceeding expectations of $0.38, with a revenue figure of $18.31 billion surpassing analysts' predictions.

Basf Se (OTCMKTS:BASFY - Get Free Report)'s stock price gapped down before the market opened on Monday . The stock had previously closed at $13.46, but opened at $12.97. Basf shares last traded at $12.93, with a volume of 15,438 shares.

Analyst Ratings Changes

Separately, Morgan Stanley raised Basf from an "equal weight" rating to an "overweight" rating in a research report on Thursday, July 24th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold".

Basf Price Performance

The stock has a 50-day moving average price of $12.33 and a 200 day moving average price of $12.45. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.83 and a quick ratio of 1.07. The firm has a market cap of $43.16 billion, a price-to-earnings ratio of 93.01, a PEG ratio of 10.58 and a beta of 1.06.

Basf (OTCMKTS:BASFY - Get Free Report) last posted its earnings results on Wednesday, July 30th. The basic materials company reported $0.14 EPS for the quarter, missing analysts' consensus estimates of $0.20 by ($0.06). Basf had a return on equity of 7.17% and a net margin of 0.59%. The firm had revenue of $18.10 billion for the quarter, compared to analyst estimates of $15.62 billion. As a group, equities research analysts forecast that Basf Se will post 0.83 earnings per share 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.