Shares of Kraton Performance Polymers Inc. (NYSE:KRA) traded up 7.1% during mid-day trading on Friday . The company traded as high as $29.77 and last traded at $29.72, with a volume of 380,286 shares traded. The stock had previously closed at $27.76.

A number of analysts have recently issued reports on the stock. Zacks Investment Research lowered shares of Kraton Performance Polymers from a “hold” rating to a “sell” rating in a research report on Tuesday, July 19th. TheStreet raised shares of Kraton Performance Polymers from a “sell” rating to a “buy” rating in a research report on Wednesday, April 27th.

The firm’s 50-day moving average is $28.16 and its 200 day moving average is $21.51. The firm has a market cap of $922.39 million and a PE ratio of 10.68.

Kraton Performance Polymers (NYSE:KRA) last announced its quarterly earnings data on Wednesday, July 27th. The company reported $0.63 EPS for the quarter, missing the Zacks’ consensus estimate of $0.70 by $0.07. During the same period last year, the firm posted $0.02 EPS. The company earned $454.65 million during the quarter, compared to analysts’ expectations of $445.07 million. The firm’s revenue for the quarter was up 77.7% on a year-over-year basis. On average, equities research analysts expect that Kraton Performance Polymers Inc. will post $2.82 EPS for the current year.

A number of hedge funds have recently made changes to their positions in the company. Russell Frank Co raised its stake in shares of Kraton Performance Polymers by 41.0% in the fourth quarter. Russell Frank Co now owns 63,215 shares of the company’s stock worth $1,070,000 after buying an additional 18,366 shares during the last quarter. Sei Investments Co. raised its position in Kraton Performance Polymers by 1,288,262.5% in the fourth quarter. Sei Investments Co. now owns 103,069 shares of the company’s stock valued at $1,712,000 after buying an additional 103,061 shares during the last quarter. Cornerstone Capital Management Holdings LLC. raised its position in Kraton Performance Polymers by 76.1% in the fourth quarter. Cornerstone Capital Management Holdings LLC. now owns 130,822 shares of the company’s stock valued at $2,173,000 after buying an additional 56,522 shares during the last quarter. California Public Employees Retirement System raised its position in Kraton Performance Polymers by 14.1% in the fourth quarter. California Public Employees Retirement System now owns 140,200 shares of the company’s stock valued at $2,329,000 after buying an additional 17,300 shares during the last quarter. Finally, Nationwide Fund Advisors raised its position in Kraton Performance Polymers by 155.0% in the fourth quarter. Nationwide Fund Advisors now owns 152,024 shares of the company’s stock valued at $2,525,000 after buying an additional 92,412 shares during the last quarter.

Kraton Performance Polymers, Inc is a producer of styrenic block copolymers (SBCs) and other engineered polymers. The Company’s products are found in many everyday applications, including personal care products such as disposable diapers and the rubberized grips of toothbrushes, razor blades, and power tools.

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