Basf (OTCMKTS:BASFY) Trading Down 0.7% – Here’s What Happened

Basf Se (OTCMKTS:BASFY) was down 0.7% during trading on Monday . The company traded as low as $12.16 and last traded at $12.18. Approximately 98,960 shares were traded during trading, a decline of 31% from the average daily volume of 144,095 shares. The stock had previously closed at $12.27.

Analyst Ratings Changes

A number of brokerages recently commented on BASFY. JPMorgan Chase & Co. initiated coverage on shares of Basf in a research note on Friday, October 11th. They issued a “neutral” rating for the company. UBS Group lowered Basf from a “buy” rating to a “neutral” rating in a research report on Monday, October 14th. Finally, Citigroup raised Basf to a “hold” rating in a research report on Wednesday, October 9th. Three research analysts have rated the stock with a sell rating, three have issued a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold”.

Basf Trading Down 0.7 %

The stock’s 50 day moving average price is $12.54 and its two-hundred day moving average price is $12.46. The company has a quick ratio of 1.23, a current ratio of 2.09 and a debt-to-equity ratio of 0.49.

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.