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

Basf Se (ETR:BAS)’s stock price crossed above its two hundred day moving average during trading on Tuesday. The stock has a two hundred day moving average of €51.06 and traded as high as €53.21. Basf shares last traded at €52.67, with a volume of 1,430,894 shares trading hands.

Basf Stock Performance

The firm has a 50 day moving average of €51.83 and a 200-day moving average of €51.08. The stock has a market capitalization of $49.23 billion, a PE ratio of 7.86, a P/E/G ratio of 0.25 and a beta of 0.75. The company has a debt-to-equity ratio of 68.85, a quick ratio of 1.02 and a current ratio of 1.85.

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. 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.