BASF (OTCMKTS:BASFY) Shares Down 3.2% - Here's What Happened

BASF SE (OTCMKTS:BASFY - Get Free Report) shares fell 3.2% during mid-day trading on Thursday . The company traded as low as $12.29 and last traded at $12.29. 21,575 shares were traded during mid-day trading, a decline of 90% from the average session volume of 210,618 shares. The stock had previously closed at $12.70.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the stock. Deutsche Bank Aktiengesellschaft reissued a "buy" rating on shares of BASF in a research report on Friday, March 7th. JPMorgan Chase & Co. lowered BASF from a "neutral" rating to an "underweight" rating in a report on Thursday, March 27th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Hold".

BASF Stock Down 2.6%

The company has a market capitalization of $44.16 billion, a price-to-earnings ratio of 53.78, a price-to-earnings-growth ratio of 10.46 and a beta of 1.06. The company has a quick ratio of 1.07, a current ratio of 1.83 and a debt-to-equity ratio of 0.51. The business has a 50-day moving average price of $12.22 and a 200-day moving average price of $12.22.

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

BASF Cuts Dividend

The firm also recently announced a dividend, which was paid on Monday, May 19th. Shareholders of record on Wednesday, May 7th were given a $0.4322 dividend. This represents a yield of 3.38%. The ex-dividend date of this dividend was Tuesday, May 6th. BASF's dividend 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.