Basf (OTCMKTS:BASFY) Sets New 52-Week Low – Should You Sell?

Basf Se (OTCMKTS:BASFY) reached a new 52-week low on Friday . The company traded as low as $10.95 and last traded at $11.03, with a volume of 282387 shares trading hands. The stock had previously closed at $11.00.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on BASFY shares. JPMorgan Chase & Co. assumed coverage on Basf in a report on Friday, October 11th. They issued a “neutral” rating for the company. Jefferies Financial Group raised Basf from a “hold” rating to a “buy” rating in a report on Wednesday, November 13th. UBS Group cut shares of Basf from a “buy” rating to a “neutral” rating in a research note on Monday, October 14th. The Goldman Sachs Group raised shares of Basf from a “neutral” rating to a “buy” rating in a report on Monday, November 11th. Finally, Citigroup raised shares of Basf to a “hold” rating in a report on Wednesday, October 9th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy”.

Basf Trading Up 0.2 %

The firm has a market capitalization of $39.87 billion, a price-to-earnings ratio of 68.88, a P/E/G ratio of 1.16 and a beta of 1.19. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.23 and a current ratio of 2.09. The company has a 50 day moving average price of $11.72 and a two-hundred day moving average price of $12.04.

Basf (OTCMKTS:BASFY) last posted its quarterly earnings data on Wednesday, October 30th. The basic materials company reported $0.09 earnings per share (EPS) for the quarter. The business had revenue of $17.30 billion for the quarter. Basf had a net margin of 0.78% and a return on equity of 6.53%. On average, research analysts forecast that Basf Se will post 0.89 EPS for the current year.

About Basf

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 comprising isocyanates, polyamides, and inorganic basic products, as well as specialties for plastics and plastics processing industries.