Basf (OTCMKTS:BASFY) Shares Gap Down – Here’s Why

Basf Se (OTCMKTS:BASFY) gapped down prior to trading on Monday . The stock had previously closed at $14.67, but opened at $14.17. Basf shares last traded at $14.01, with a volume of 58,267 shares.

Analyst Ratings Changes

A number of brokerages have commented on BASFY. Kepler Capital Markets reaffirmed a “hold” rating on shares of Basf in a research report on Tuesday, March 31st. Santander cut Basf to a “neutral” rating in a research report on Wednesday, February 18th. Zacks Research raised Basf from a “strong sell” rating to a “hold” rating in a research report on Wednesday, March 18th. Barclays cut Basf from a “hold” rating to a “strong sell” rating in a research report on Wednesday, February 18th. Finally, Morgan Stanley reaffirmed an “overweight” rating on shares of Basf in a research report on Tuesday, May 12th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Basf currently has a consensus rating of “Hold”.

Basf Stock Performance

The company has a debt-to-equity ratio of 0.54, a current ratio of 1.93 and a quick ratio of 1.19. The stock has a market cap of $50.37 billion, a price-to-earnings ratio of 24.33, a P/E/G ratio of 1.17 and a beta of 0.72. The stock’s 50-day moving average is $15.31 and its 200 day moving average is $14.12.

Basf (OTCMKTS:BASFY) last announced its quarterly earnings data on Thursday, April 30th. The basic materials company reported $0.39 EPS for the quarter, beating analysts’ consensus estimates of $0.31 by $0.08. The firm had revenue of $18.74 billion during the quarter, compared to the consensus estimate of $18.44 billion. Basf had a net margin of 2.91% and a return on equity of 3.90%. As a group, analysts predict that Basf Se will post 0.85 earnings per share for the current fiscal year.

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.