Basf (ETR:BAS) Shares Pass Above 200-Day Moving Average – What’s Next?

Basf Se (ETR:BAS) shares crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of €44.97 and traded as high as €48.86. Basf shares last traded at €48.85, with a volume of 3,194,342 shares traded.

Basf Stock Up 2.4%

The business has a fifty day moving average price of €47.58 and a two-hundred day moving average price of €44.97. The company has a debt-to-equity ratio of 73.57, a current ratio of 1.93 and a quick ratio of 1.02. The firm has a market capitalization of $46.83 billion, a price-to-earnings ratio of 93.90, a price-to-earnings-growth ratio of 0.25 and a beta of 0.91.

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. The Industrial Solutions segment develops and markets ingredients and additives for industrial applications, such as polymer dispersions, resins, additives, electronic materials, and antioxidants for automotive, plastics, paints and coatings, electronics, and energy and resource industries.