Basf (OTCMKTS:BASFY) Shares Down 0.6% – Should You Sell?

Basf Se (OTCMKTS:BASFY)’s share price was down 0.6% on Monday . The stock traded as low as $12.42 and last traded at $12.47. Approximately 49,597 shares were traded during mid-day trading, a decline of 76% from the average daily volume of 206,568 shares. The stock had previously closed at $12.54.

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. downgraded shares of Basf from a “neutral” rating to an “underweight” rating in a research report on Thursday, March 27th. One analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, Basf currently has an average rating of “Hold”.

Basf Stock Down 0.6%

The stock has a fifty day moving average price of $12.19 and a two-hundred day moving average price of $12.30. The company has a market cap of $44.52 billion, a price-to-earnings ratio of 54.22, a P/E/G ratio of 10.60 and a beta of 1.06. The company has a quick ratio of 1.07, a current ratio of 1.83 and a debt-to-equity ratio of 0.51.

Basf (OTCMKTS:BASFY) last issued its quarterly earnings data on Friday, May 2nd. The basic materials company reported $0.41 earnings per share for the quarter, topping the consensus estimate of $0.38 by $0.03. The business had revenue of $18.31 billion during the quarter, compared to analysts’ expectations of $17.34 billion. Basf had a net margin of 1.13% and a return on equity of 8.20%. As a group, sell-side analysts expect that Basf Se will post 0.83 EPS for the current year.

Basf Cuts Dividend

The business also recently announced a dividend, which was paid on Monday, May 19th. Stockholders of record on Wednesday, May 7th were issued a dividend of $0.4322 per share. This represents a dividend yield of 3.38%. The ex-dividend date was Tuesday, May 6th. Basf’s dividend payout ratio (DPR) is currently 191.30%.

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.