Basf (OTCMKTS:BASFY) Sees Unusually-High Trading Volume - What's Next?

Key Points

• BASF shares saw unusually high trading volume, with approximately 243,215 shares changing hands—45% above the average—while the stock rose to $14.93 from a $14.77 prior close.
• Analyst sentiment remains mixed: Citigroup reiterated a “Buy” rating, while Deutsche Bank downgraded BASF to “Hold.” Overall, MarketBeat reports an average rating of “Hold.”
• BASF’s latest quarterly results beat expectations, with EPS of $0.21 versus the $0.12 consensus and revenue of $18.20 billion versus estimates of $18.03 billion.

Basf Se (OTCMKTS:BASFY - Get Free Report) shares saw unusually-high trading volume on Friday. Approximately 243,215 shares were traded during trading, an increase of 45% from the average daily volume of 167,809 shares. The stock last traded at $14.93 and had previously closed at $14.77.

Analysts Set New Price Targets

A number of research firms have recently issued reports on BASFY. Citigroup reiterated a "buy" rating on shares of Basf in a research note on Thursday, September 3rd. Deutsche Bank Aktiengesellschaft lowered Basf from a "buy" rating to a "hold" rating in a research report on Monday. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Basf has an average rating of "Hold".

Basf Trading Down 0.6%

The company has a market capitalization of $53.19 billion, a P/E ratio of 7.72, a PEG ratio of 1.20 and a beta of 0.76. The business has a 50 day moving average price of $14.85 and a 200 day moving average price of $14.54. The company has a current ratio of 1.85, a quick ratio of 1.19 and a debt-to-equity ratio of 0.50.

Basf (OTCMKTS:BASFY - Get Free Report) last issued its quarterly earnings data on Wednesday, October 28th. The basic materials company reported $0.21 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.12 by $0.09. Basf had a net margin of 9.11% and a return on equity of 6.92%. The firm had revenue of $18.20 billion during the quarter, compared to analysts' expectations of $18.03 billion. Analysts anticipate that Basf Se will post 0.82 EPS for the current year.

About Basf

BASF SE is a Germany-based chemical company headquartered in Ludwigshafen, Germany. Founded in 1865, the company develops, manufactures and markets a broad range of chemicals, materials and solutions for industrial, agricultural and consumer applications. Its products are used in areas including transportation, construction, electronics, packaging, food and personal care.

BASF's business includes chemicals and intermediates, performance materials, coatings, catalysts, battery materials, agricultural products, nutrition and care ingredients, and industrial solutions.

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