Zacks Research Downgrades Basf (OTCMKTS:BASFY) to Strong Sell

Basf (OTCMKTS:BASFY) was downgraded by Zacks Research from a “hold” rating to a “strong sell” rating in a report issued on Tuesday,Zacks.com reports.

A number of other research firms also recently issued reports on BASFY. DZ Bank downgraded Basf from a “strong-buy” rating to a “hold” rating in a research report on Monday. Deutsche Bank Aktiengesellschaft downgraded Basf from a “buy” rating to a “hold” rating in a report on Monday, November 24th. Citigroup initiated coverage on shares of Basf in a research report on Wednesday, October 15th. They set a “buy” rating on the stock. Finally, Berenberg Bank cut shares of Basf from a “hold” rating to a “sell” rating in a research note on Tuesday, October 14th. Two investment analysts have rated the stock with a Buy rating, two have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Basf currently has a consensus rating of “Reduce”.

Basf Stock Up 0.1%

OTCMKTS BASFY traded up $0.01 on Tuesday, reaching $13.72. The company had a trading volume of 14,792 shares, compared to its average volume of 133,403. The company’s fifty day moving average is $12.97 and its 200-day moving average is $12.83. 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 firm has a market capitalization of $49.34 billion, a price-to-earnings ratio of 137.21 and a beta of 0.83. Basf has a 1-year low of $10.75 and a 1-year high of $14.76.

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.