Basf (OTCMKTS:BASFY) Reaches New 12-Month Low – Here’s What Happened

Basf Se (OTCMKTS:BASFY)’s share price reached a new 52-week low during trading on Friday . The company traded as low as $10.57 and last traded at $10.62, with a volume of 216636 shares. The stock had previously closed at $10.80.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the company. Jefferies Financial Group upgraded Basf from a “hold” rating to a “buy” rating in a research note on Wednesday, November 13th. UBS Group cut shares of Basf from a “buy” rating to a “neutral” rating in a research report on Monday, October 14th. Citigroup upgraded shares of Basf to a “hold” rating in a research report on Wednesday, October 9th. The Goldman Sachs Group raised shares of Basf from a “neutral” rating to a “buy” rating in a report on Monday, November 11th. Finally, JPMorgan Chase & Co. started coverage on Basf in a report on Friday, October 11th. They set a “neutral” rating on the stock. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy”.

Basf Price Performance

The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.23 and a current ratio of 2.09. The company has a 50-day moving average price of $11.27 and a 200-day moving average price of $11.89. The firm has a market capitalization of $37.92 billion, a P/E ratio of 66.39, a price-to-earnings-growth ratio of 1.16 and a beta of 1.19.

Basf (OTCMKTS:BASFY) last issued its earnings results on Wednesday, October 30th. The basic materials company reported $0.09 earnings per share (EPS) for the quarter. Basf had a return on equity of 6.53% and a net margin of 0.78%. The firm had revenue of $17.30 billion for the quarter. On average, sell-side analysts predict that Basf Se will post 0.89 earnings per share 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.