Basf (ETR:BAS) Share Price Passes Above 200 Day Moving Average – Here’s Why

Basf Se (ETR:BASGet Free Report)’s share price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of €45.92 ($49.91) and traded as high as €49.07 ($53.33). Basf shares last traded at €47.98 ($52.15), with a volume of 3,931,775 shares.

Basf Stock Down 1.1 %

The company has a debt-to-equity ratio of 64.22, a quick ratio of 1.02 and a current ratio of 1.87. The firm has a market cap of $44.42 billion, a price-to-earnings ratio of 89.05, a PEG ratio of 0.25 and a beta of 1.21. The business’s 50 day moving average price is €49.03 and its 200 day moving average price is €45.95.

About Basf

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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.

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