Basf (OTCMKTS:BASFY) Sees Large Volume Increase Following Analyst Upgrade

Basf Se (OTCMKTS:BASFY) saw an uptick in trading volume on Wednesday after Berenberg Bank upgraded the stock from a sell rating to a hold rating. 398,728 shares traded hands during trading, an increase of 129% from the previous session’s volume of 173,844 shares.The stock last traded at $14.59 and had previously closed at $15.03.

A number of other brokerages also recently commented on BASFY. DZ Bank downgraded shares of Basf from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 26th. Zacks Research cut shares of Basf from a “hold” rating to a “strong sell” rating in a report on Tuesday, January 27th. Finally, Deutsche Bank Aktiengesellschaft lowered Basf from a “buy” rating to a “hold” rating in a report on Monday, November 24th. Two equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Reduce”.

Basf Price Performance

The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.01 and a current ratio of 1.82. The firm has a 50 day moving average price of $13.52 and a 200-day moving average price of $13.03.

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.