Basf (OTCMKTS:BASFY) Trading Down 2.3% - What's Next?

Shares of Basf Se (OTCMKTS:BASFY - Get Free Report) were down 2.3% on Monday . The company traded as low as $11.66 and last traded at $11.71. Approximately 149,508 shares traded hands during mid-day trading, a decline of 35% from the average daily volume of 231,620 shares. The stock had previously closed at $11.98.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. JPMorgan Chase & Co. cut Basf from a "neutral" rating to an "underweight" rating in a research note on Thursday, March 27th. Berenberg Bank cut Basf from a "buy" rating to a "hold" rating in a research report on Tuesday, February 18th. Finally, Deutsche Bank Aktiengesellschaft reissued a "buy" rating on shares of Basf in a research report on Friday, March 7th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, Basf presently has an average rating of "Hold".

Basf Trading Up 0.8%

The firm has a 50-day moving average of $12.21 and a 200-day moving average of $12.08. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.03 and a current ratio of 1.87. The firm has a market capitalization of $43.13 billion, a P/E ratio of 75.50, a price-to-earnings-growth ratio of 2.30 and a beta of 1.11.

Basf (OTCMKTS:BASFY - Get Free Report) last issued its quarterly earnings results 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 firm had revenue of $18.31 billion for the quarter, compared to analysts' expectations of $17.34 billion. Basf had a return on equity of 6.63% and a net margin of 0.78%. On average, equities research analysts anticipate that Basf Se will post 0.83 EPS for the current fiscal year.

Basf Cuts Dividend

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

About Basf

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.