Basf (ETR:BAS) Stock Price Down 0.5% – Here’s Why

Basf Se (ETR:BAS) dropped 0.5% during trading on Wednesday . The stock traded as low as €44.42 ($46.76) and last traded at €44.93 ($47.29). Approximately 2,451,578 shares traded hands during trading, a decline of 16% from the average daily volume of 2,920,000 shares. The stock had previously closed at €45.14 ($47.51).

Basf Stock Performance

The stock’s 50-day simple moving average is €44.74 and its 200 day simple moving average is €44.77. The company has a market capitalization of $40.22 billion, a PE ratio of -901.30, a P/E/G ratio of 0.25 and a beta of 1.21. The company has a debt-to-equity ratio of 69.16, a quick ratio of 1.02 and a current ratio of 1.70.

Basf Company Profile

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.