Basf (OTCMKTS:BASFY) Reaches New 1-Year High – Time to Buy?

Basf Se (OTCMKTS:BASFY) reached a new 52-week high on Wednesday . The company traded as high as $15.35 and last traded at $15.3150, with a volume of 153572 shares. The stock had previously closed at $15.14.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. Berenberg Bank lowered Basf from a “hold” rating to a “sell” rating in a report on Tuesday, October 14th. DZ Bank lowered Basf from a “strong-buy” rating to a “hold” rating in a report on Monday, January 26th. Zacks Research lowered shares of Basf from a “hold” rating to a “strong sell” rating in a research report on Tuesday, January 27th. Deutsche Bank Aktiengesellschaft lowered shares of Basf from a “buy” rating to a “hold” rating in a research note on Monday, November 24th. Finally, Citigroup assumed coverage on Basf in a research report on Wednesday, October 15th. They set a “buy” rating for the company. Two investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Reduce”.

Basf Stock Up 1.2%

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 stock has a market cap of $54.68 billion, a P/E ratio of 153.17 and a beta of 0.83. The firm’s fifty day moving average is $13.28 and its 200 day moving average is $12.94.

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.