Basf (OTCMKTS:BASFY) Shares Pass Above Fifty Day Moving Average – Time to Sell?

Basf Se (OTCMKTS:BASFY)’s share price passed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $14.03 and traded as high as $14.8550. Basf shares last traded at $14.77, with a volume of 135,311 shares.

Analysts Set New Price Targets

A number of brokerages recently commented on BASFY. Citigroup reaffirmed a “buy” rating on shares of Basf in a report on Friday, April 24th. Morgan Stanley restated an “overweight” rating on shares of Basf in a research report on Tuesday, May 12th. Kepler Capital Markets raised Basf from a “hold” rating to a “buy” rating in a research note on Thursday, June 11th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Basf in a report on Tuesday, May 5th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy”.

Basf Trading Up 0.9%

The company’s 50 day moving average price is $14.03 and its two-hundred day moving average price is $14.45. The firm has a market cap of $52.73 billion, a PE ratio of 7.61, a P/E/G ratio of 1.14 and a beta of 0.73. The company has a quick ratio of 1.26, a current ratio of 1.91 and a debt-to-equity ratio of 0.56.

Basf (OTCMKTS:BASFY) last released its quarterly earnings results on Wednesday, July 29th. The basic materials company reported $0.37 EPS for the quarter, topping analysts’ consensus estimates of $0.24 by $0.13. The firm had revenue of $19.99 billion during the quarter, compared to analysts’ expectations of $18.85 billion. Basf had a net margin of 9.40% and a return on equity of 5.78%. As a group, sell-side analysts forecast that Basf Se will post 0.85 EPS for the current year.

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.