Basf (OTCMKTS:BASFY) Reaches New 1-Year Low – Time to Sell?

Basf Se (OTCMKTS:BASFY) shares reached a new 52-week low during mid-day trading on Monday . The company traded as low as $10.90 and last traded at $10.96, with a volume of 274564 shares changing hands. The stock had previously closed at $11.05.

Analysts Set New Price Targets

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

Basf Price Performance

The company has a market capitalization of $39.13 billion, a PE ratio of 68.50, 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 stock has a 50 day moving average price of $11.57 and a two-hundred day moving average price of $11.98.

Basf (OTCMKTS:BASFY) last issued its quarterly earnings data on Wednesday, October 30th. The basic materials company reported $0.09 earnings per share for the quarter. The firm 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%. Equities analysts forecast that Basf Se will post 0.89 earnings per share 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.