Basf (OTCMKTS:BASFY) Sees Unusually-High Trading Volume – Here’s What Happened
by Kim Johansen · The Markets DailyBasf Se (OTCMKTS:BASFY – Get Free Report) shares saw an uptick in trading volume on Friday . 279,726 shares were traded during mid-day trading, an increase of 179% from the previous session’s volume of 100,322 shares.The stock last traded at $12.96 and had previously closed at $13.34.
Wall Street Analysts Forecast Growth
A number of equities analysts have weighed in on BASFY shares. Berenberg Bank downgraded shares of Basf from a “hold” rating to a “sell” rating in a research note on Tuesday, October 14th. Zacks Research upgraded Basf from a “strong sell” rating to a “hold” rating in a report on Friday, October 10th. Deutsche Bank Aktiengesellschaft cut Basf from a “buy” rating to a “hold” rating in a report on Monday, November 24th. Finally, Citigroup assumed coverage on Basf in a research note on Wednesday, October 15th. They set a “buy” rating for the company. Two research analysts have rated the stock with a Buy rating, two have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold”.
Read Our Latest Analysis on Basf
Basf Trading Down 2.8%
The firm has a fifty day moving average of $12.81 and a 200-day moving average of $12.78. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.01 and a current ratio of 1.82. The stock has a market capitalization of $47.46 billion, a price-to-earnings ratio of 129.61 and a beta of 0.83.
Basf Company Profile
BASF SE is a Germany-based chemical company founded in 1865 (originally Badische Anilin- & Soda-Fabrik) and headquartered in Ludwigshafen. It is one of the world’s largest chemical producers, supplying raw materials, intermediates and finished chemical products to a broad range of industries including automotive, construction, agriculture, consumer goods, electronics and industrial manufacturing. The company combines large-scale production with global commercial and logistics networks to serve customers in many end markets.
BASF’s activities span basic and specialty chemicals, performance materials, functional additives, catalysts and coatings, as well as products for nutrition and personal care.