Basf (OTCMKTS:BASFY) Announces Quarterly Earnings Results

Basf (OTCMKTS:BASFY) posted its quarterly earnings data on Wednesday. The basic materials company reported $0.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.12 by $0.09, Zacks reports.

Basf Stock Performance

Basf stock traded down $0.09 during mid-day trading on Wednesday, reaching $14.54. The company’s stock had a trading volume of 3,727 shares, compared to its average volume of 168,556. Basf has a twelve month low of $11.93 and a twelve month high of $16.25. The business has a 50 day moving average price of $14.85 and a 200-day moving average price of $14.52.

Wall Street Analysts Forecast Growth

BASFY has been the subject of a number of research analyst reports. Citigroup restated a “buy” rating on shares of Basf in a research note on Thursday, September 3rd. Deutsche Bank Aktiengesellschaft downgraded shares of Basf from a “buy” rating to a “hold” rating in a research note on Monday. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold”.

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.