Basf Se (OTCMKTS:BASFY – Get Rating) was the recipient of a significant drop in short interest in August. As of August 31st, there was short interest totalling 225,900 shares, a drop of 41.4% from the August 15th total of 385,600 shares. Based on an average daily trading volume, of 1,464,600 shares, the short-interest ratio is presently 0.2 days.
Basf Stock Down 1.5 %
OTCMKTS BASFY traded down $0.16 during trading hours on Friday, reaching $10.43. 355,192 shares of the company were exchanged, compared to its average volume of 728,604. Basf has a 1 year low of $9.99 and a 1 year high of $19.87. The business's 50 day simple moving average is $10.84 and its 200-day simple moving average is $12.49. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.03 and a current ratio of 1.63.
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Basf (OTCMKTS:BASFY – Get Rating) last posted its quarterly earnings data on Wednesday, July 27th. The basic materials company reported $0.63 earnings per share (EPS) for the quarter. Basf had a net margin of 6.34% and a return on equity of 16.33%. The business had revenue of $24.48 billion during the quarter. On average, equities research analysts predict that Basf will post 1.49 earnings per share for the current fiscal year.
Analyst Ratings Changes
A number of research analysts have weighed in on the stock. Kepler Capital Markets lowered shares of Basf from a "buy" rating to a "hold" rating in a research note on Thursday, August 11th. UBS Group lowered shares of Basf from a "neutral" rating to a "sell" rating in a research note on Thursday, July 14th. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Basf from €60.00 ($61.22) to €55.00 ($56.12) and set a "hold" rating on the stock in a research report on Tuesday, August 2nd. Jefferies Financial Group lowered shares of Basf from a "buy" rating to a "hold" rating in a research report on Friday, August 5th. Finally, Morgan Stanley dropped their price target on shares of Basf from €62.00 ($63.27) to €59.00 ($60.20) and set an "equal weight" rating on the stock in a research report on Friday, July 29th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $62.92.
About Basf
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BASF SE operates as a chemical company worldwide. The company 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, such as isocyanates and polyamides, as well as inorganic basic products and specialties for plastic and plastic processing industries.
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