Basf (OTCMKTS:BASFY) Cut to Strong Sell at Zacks Research

Zacks Research downgraded shares of Basf (OTCMKTS:BASFY) from a hold rating to a strong sell rating in a research report released on Tuesday morning,Zacks.com reports.

BASFY has been the subject of a number of other reports. Berenberg Bank cut Basf from a “hold” rating to a “sell” rating in a research report on Tuesday, October 14th. Citigroup started coverage on shares of Basf in a report on Wednesday, October 15th. They issued a “buy” rating for the company. DZ Bank cut shares of Basf from a “strong-buy” rating to a “hold” rating in a research report on Monday. Finally, Deutsche Bank Aktiengesellschaft lowered shares of Basf from a “buy” rating to a “hold” rating in a research report on Monday, November 24th. Two research analysts have rated the stock with a Buy rating, two have given a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat.com, Basf currently has an average rating of “Reduce”.

Basf Price Performance

OTCMKTS:BASFY opened at $13.82 on Tuesday. The company has a quick ratio of 1.01, a current ratio of 1.82 and a debt-to-equity ratio of 0.56. Basf has a 52 week low of $10.75 and a 52 week high of $14.76. The stock’s 50-day moving average price is $13.01 and its 200-day moving average price is $12.84. The stock has a market capitalization of $48.95 billion, a PE ratio of 138.21 and a beta of 0.83.

Basf Company Profile

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.