Basf Se (OTCMKTS:BASFY) was the target of a large growth in short interest in the month of September. As of September 15th, there was short interest totalling 97,600 shares, a growth of 680.8% from the August 31st total of 12,500 shares. Based on an average trading volume of 242,200 shares, the days-to-cover ratio is presently 0.4 days.
Shares of BASFY opened at $14.54 on Monday. The firm has a market capitalization of $53.41 billion, a price-to-earnings ratio of 45.43 and a beta of 1.24. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.13 and a current ratio of 1.62. Basf has a one year low of $10.29 and a one year high of $19.81. The stock’s fifty day moving average is $15.25 and its 200-day moving average is $13.74.
Basf (OTCMKTS:BASFY) last released its quarterly earnings results on Wednesday, July 29th. The basic materials company reported $0.07 earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.02) by $0.09. Basf had a return on equity of 6.85% and a net margin of 1.81%. The business had revenue of $13.96 billion during the quarter. Analysts forecast that Basf will post 0.63 EPS for the current fiscal year.
BASFY has been the subject of a number of recent analyst reports. Zacks Investment Research upgraded shares of Basf from a “sell” rating to a “hold” rating in a research report on Wednesday, July 15th. UBS Group reiterated a “neutral” rating on shares of Basf in a research report on Thursday, September 10th. JPMorgan Chase & Co. restated a “neutral” rating on shares of Basf in a research report on Friday, August 14th. Jefferies Financial Group upgraded shares of Basf from a “hold” rating to a “buy” rating in a research report on Wednesday, June 3rd. Finally, Pareto Securities upgraded shares of Basf from a “hold” rating to a “buy” rating in a research report on Wednesday, June 3rd. Six research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Basf presently has a consensus rating of “Hold” and an average price target of $22.00.
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, such as isocyanates and polyamides, as well as inorganic basic products and specialties for plastic and plastic processing industries.
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