Basf (OTCMKTS:BASFY) Trading Up 0.5% - Here's What Happened

Key Points

• Shares of Basf SE (OTCMKTS:BASFY) rose by 0.5% during mid-day trading, with a recent price of $12.46 after fluctuating between $12.40 and $12.50.
• Analysts have mixed views on Basf's stock, with Citigroup upgrading it to a "buy", while Zacks Research downgraded it to a "strong sell", resulting in an average rating of "Hold."
• In its most recent earnings report, Basf reported $0.14 earnings per share, missing the consensus estimate of $0.20, but exceeded revenue expectations with $18.10 billion in sales.

Shares of Basf Se (OTCMKTS:BASFY - Get Free Report) were up 0.5% during mid-day trading on Monday . The stock traded as high as $12.50 and last traded at $12.46. Approximately 124,484 shares changed hands during trading, an increase of 4% from the average daily volume of 119,423 shares. The stock had previously closed at $12.40.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on BASFY shares. Citigroup upgraded Basf from a "hold" rating to a "buy" rating in a research report on Wednesday, September 10th. Morgan Stanley raised Basf from an "equal weight" rating to an "overweight" rating in a report on Thursday, July 24th. Zacks Research cut shares of Basf from a "hold" rating to a "strong sell" rating in a research note on Monday, August 18th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating on shares of Basf in a research note on Wednesday, September 24th. Five investment analysts have rated the stock with a Buy rating, two have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Hold".

Basf Price Performance

The stock has a 50 day moving average of $13.00 and a two-hundred day moving average of $12.56. The stock has a market cap of $44.48 billion, a PE ratio of 95.85, a PEG ratio of 14.83 and a beta of 1.07. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.07 and a current ratio of 1.83.

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

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.

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