Basf (OTCMKTS:BASFY) Hits New 1-Year Low – Time to Sell?

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

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. Citigroup upgraded Basf to a “hold” rating in a report on Wednesday, October 9th. UBS Group lowered Basf from a “buy” rating to a “neutral” rating in a report on Monday, October 14th. Jefferies Financial Group upgraded Basf from a “hold” rating to a “buy” rating in a report on Wednesday, November 13th. The Goldman Sachs Group upgraded 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 for the company. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, three have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Basf currently has a consensus rating of “Moderate Buy”.

Basf Trading Down 1.6 %

The company has a debt-to-equity ratio of 0.49, a current ratio of 2.09 and a quick ratio of 1.23. The company has a fifty day moving average of $11.30 and a 200-day moving average of $11.90. The firm has a market capitalization of $37.92 billion, a PE ratio of 66.39, a price-to-earnings-growth ratio of 1.16 and a beta of 1.19.

Basf (OTCMKTS:BASFY) last announced its quarterly earnings data 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 business had revenue of $17.30 billion during the quarter. On average, sell-side analysts anticipate that Basf Se will post 0.89 earnings per share for the current fiscal 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.