Basf (OTCMKTS:BASFY) Downgraded by Zacks Research to “Strong Sell”

Zacks Research cut shares of Basf (OTCMKTS:BASFY) from a hold rating to a strong sell rating in a research note released on Tuesday,Zacks.com reports.

BASFY has been the topic of several other reports. Berenberg Bank downgraded Basf from a “hold” rating to a “sell” rating in a research note on Tuesday, October 14th. Citigroup assumed coverage on shares of Basf in a research report on Wednesday, October 15th. They set a “buy” rating for the company. DZ Bank lowered shares of Basf from a “strong-buy” rating to a “hold” rating in a research report on Monday. Finally, Deutsche Bank Aktiengesellschaft downgraded Basf from a “buy” rating to a “hold” rating in a research report on Monday, November 24th. Two research analysts have rated the stock with a Buy rating, two have given a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Reduce”.

Basf Price Performance

BASFY stock opened at $13.71 on Tuesday. The company has a current ratio of 1.82, a quick ratio of 1.01 and a debt-to-equity ratio of 0.56. The company has a market capitalization of $49.34 billion, a P/E ratio of 137.11 and a beta of 0.83. The business has a 50 day simple moving average of $12.97 and a 200-day simple moving average of $12.83. Basf has a twelve month low of $10.75 and a twelve month 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.