Basf (OTCMKTS:BASFY) Sees Large Volume Increase – Still a Buy?

Basf Se (OTCMKTS:BASFY) shares saw unusually-strong trading volume on Friday . Approximately 529,151 shares changed hands during mid-day trading, an increase of 235% from the previous session’s volume of 157,725 shares.The stock last traded at $13.60 and had previously closed at $13.82.

Analysts Set New Price Targets

Several research firms have recently issued reports on BASFY. Berenberg Bank downgraded Basf from a “hold” rating to a “sell” rating in a research note on Tuesday, October 14th. DZ Bank cut shares of Basf from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 26th. Zacks Research lowered shares of Basf from a “hold” rating to a “strong sell” rating in a report on Tuesday, January 27th. Citigroup started coverage on shares of Basf in a research note on Wednesday, October 15th. They issued a “buy” rating on the stock. Finally, Deutsche Bank Aktiengesellschaft lowered Basf from a “buy” rating to a “hold” rating in a research report on Monday, November 24th. Two 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, Basf has an average rating of “Reduce”.

Basf Trading Down 1.9%

The firm’s 50 day simple moving average is $13.03 and its two-hundred day simple moving average is $12.85. The stock has a market capitalization of $49.34 billion, a P/E ratio of 135.61 and a beta of 0.83. The company has a quick ratio of 1.01, a current ratio of 1.82 and a debt-to-equity ratio of 0.56.

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.