Basf (OTCMKTS:BASFY) Sees Strong Trading Volume – Still a Buy?

Basf Se (OTCMKTS:BASFY) saw unusually-high trading volume on Monday . Approximately 982,245 shares traded hands during mid-day trading, an increase of 455% from the previous session’s volume of 177,095 shares.The stock last traded at $14.61 and had previously closed at $14.79.

Wall Street Analysts Forecast Growth

BASFY has been the topic of several research reports. Kepler Capital Markets raised Basf from a “hold” rating to a “buy” rating in a research report on Thursday, June 11th. Citigroup restated a “buy” rating on shares of Basf in a research note on Friday, April 24th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Basf in a research note on Tuesday, May 5th. Finally, Morgan Stanley reissued an “overweight” rating on shares of Basf in a research report on Tuesday, May 12th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Basf presently has a consensus rating of “Moderate Buy”.

Basf Stock Up 0.8%

The stock has a market cap of $52.66 billion, a PE ratio of 7.60, a PEG ratio of 1.09 and a beta of 0.73. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.91 and a quick ratio of 1.26. The company has a 50 day moving average price of $14.05 and a two-hundred day moving average price of $14.52.

Basf (OTCMKTS:BASFY) last released its quarterly earnings results on Wednesday, July 29th. The basic materials company reported $0.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.24 by $0.13. Basf had a return on equity of 5.78% and a net margin of 9.40%.The firm had revenue of $19.99 billion for the quarter, compared to the consensus estimate of $18.85 billion. Analysts expect that Basf Se will post 0.84 EPS for the current year.

About Basf

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.