Shares of Basf Se (OTCMKTS:BASFY - Get Free Report) were down 3.2% during mid-day trading on Thursday . The company traded as low as $12.29 and last traded at $12.29. Approximately 21,575 shares traded hands during trading, a decline of 90% from the average daily volume of 210,618 shares. The stock had previously closed at $12.70.
Wall Street Analyst Weigh In
Separately, JPMorgan Chase & Co. downgraded Basf from a "neutral" rating to an "underweight" rating in a research note on Thursday, March 27th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, Basf presently has a consensus rating of "Hold".
View Our Latest Research Report on BASFY
Basf Stock Performance
The firm's 50 day moving average price is $12.21 and its 200-day moving average price is $12.23. The firm has a market cap of $44.16 billion, a price-to-earnings ratio of 53.78, a P/E/G ratio of 10.46 and a beta of 1.06. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.83 and a quick ratio of 1.07.
Basf (OTCMKTS:BASFY - Get Free Report) last issued its earnings results on Friday, May 2nd. The basic materials company reported $0.41 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.38 by $0.03. Basf had a return on equity of 8.20% and a net margin of 1.13%. The business had revenue of $18.31 billion during the quarter, compared to analysts' expectations of $17.34 billion. On average, analysts anticipate that Basf Se will post 0.83 earnings per share for the current year.
Basf Cuts Dividend
The business also recently announced a dividend, which was paid on Monday, May 19th. Shareholders of record on Wednesday, May 7th were paid a $0.4322 dividend. This represents a dividend yield of 3.38%. The ex-dividend date of this dividend was Tuesday, May 6th. Basf's dividend payout ratio is presently 191.30%.
About Basf
(
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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.
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