Basf (OTCMKTS:BASFY) Stock Price Down 2.3% - Here's What Happened

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

Wall Street Analyst Weigh In

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

Basf Stock Down 0.6%

The company has a quick ratio of 1.03, a current ratio of 1.87 and a debt-to-equity ratio of 0.53. The firm has a 50-day moving average of $12.15 and a two-hundred day moving average of $12.09. The stock has a market capitalization of $42.87 billion, a price-to-earnings ratio of 75.05, a price-to-earnings-growth ratio of 2.30 and a beta of 1.11.

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 for the quarter, topping the consensus estimate of $0.38 by $0.03. The company had revenue of $18.31 billion for the quarter, compared to analyst estimates of $17.34 billion. Basf had a return on equity of 6.63% and a net margin of 0.78%. As a group, sell-side analysts anticipate that Basf Se will post 0.83 earnings per share for the current year.

Basf Cuts Dividend

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