Basf (OTCMKTS:BASFY) Trading 3.2% Higher – Time to Buy?

Basf Se (OTCMKTS:BASFY)’s share price traded up 3.2% during trading on Thursday . The company traded as high as $13.09 and last traded at $13.07. 121,573 shares traded hands during mid-day trading, a decline of 5% from the average session volume of 128,582 shares. The stock had previously closed at $12.66.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on BASFY. Deutsche Bank Aktiengesellschaft cut shares of Basf from a “buy” rating to a “hold” rating in a report on Monday, November 24th. Zacks Research raised shares of Basf from a “strong sell” rating to a “hold” rating in a report on Friday, October 10th. Berenberg Bank cut shares of Basf from a “hold” rating to a “sell” rating in a research report on Tuesday, October 14th. Finally, Citigroup began coverage on shares of Basf in a research report on Wednesday, October 15th. They set a “buy” rating on the stock. Two research analysts have rated the stock with a Buy rating, two have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold”.

Basf Stock Up 0.8%

The company’s 50-day moving average price is $12.57 and its 200 day moving average price is $12.63. 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 cap of $47.02 billion, a PE ratio of 131.71 and a beta of 0.85.

Basf Company Profile

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.