Basf (OTCMKTS:BASFY) Sees Strong Trading Volume – Here’s Why

Basf Se (OTCMKTS:BASFY) shares saw unusually-high trading volume on Friday . Approximately 279,726 shares traded hands during mid-day trading, an increase of 179% from the previous session’s volume of 100,322 shares.The stock last traded at $12.96 and had previously closed at $13.34.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the stock. Berenberg Bank lowered shares of Basf from a “hold” rating to a “sell” rating in a research note on Tuesday, October 14th. Zacks Research upgraded shares of Basf from a “strong sell” rating to a “hold” rating in a report on Friday, October 10th. Deutsche Bank Aktiengesellschaft lowered Basf from a “buy” rating to a “hold” rating in a report on Monday, November 24th. Finally, Citigroup started coverage on Basf in a research note on Wednesday, October 15th. They set a “buy” rating for the company. Two analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold”.

Basf Price Performance

The company has a market capitalization of $46.27 billion, a P/E ratio of 129.61 and a beta of 0.83. The stock’s fifty day simple moving average is $12.83 and its 200-day simple moving average is $12.78. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.82 and a quick ratio of 1.01.

Basf Company Profile

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.