Kraton Performance Polymers Inc. (NYSE:KRA)’s share price reached a new 52-week high during trading on Wednesday . The company traded as high as $31.97 and last traded at $31.83, with a volume of 612,536 shares. The stock had previously closed at $30.00.

A number of research firms recently commented on KRA. Zacks Investment Research cut shares of Kraton Performance Polymers from a “hold” rating to a “sell” rating in a research note on Wednesday, July 13th. TheStreet raised shares of Kraton Performance Polymers from a “sell” rating to a “buy” rating in a research note on Wednesday, April 27th.

The company has a 50-day moving average price of $28.76 and a 200-day moving average price of $22.41. The stock has a market capitalization of $975.57 million and a PE ratio of 9.80.

Kraton Performance Polymers (NYSE:KRA) last posted its quarterly earnings data on Wednesday, July 27th. The company reported $0.63 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.70 by $0.07. The business had revenue of $454.65 million for the quarter, compared to the consensus estimate of $445.07 million. During the same period in the previous year, the company earned $0.02 EPS. The business’s revenue for the quarter was up 77.7% compared to the same quarter last year. Equities analysts predict that Kraton Performance Polymers Inc. will post $2.75 earnings per share for the current year.

A number of institutional investors recently bought and sold shares of KRA. Weber Alan W boosted its position in Kraton Performance Polymers by 163.7% in the fourth quarter. Weber Alan W now owns 477,400 shares of the company’s stock worth $7,930,000 after buying an additional 296,370 shares in the last quarter. Lapides Asset Management LLC boosted its position in Kraton Performance Polymers by 31.3% in the fourth quarter. Lapides Asset Management LLC now owns 352,800 shares of the company’s stock worth $5,860,000 after buying an additional 84,100 shares in the last quarter. Mutual of America Capital Management LLC boosted its position in Kraton Performance Polymers by 16.5% in the fourth quarter. Mutual of America Capital Management LLC now owns 169,962 shares of the company’s stock worth $2,823,000 after buying an additional 24,086 shares in the last quarter. California Public Employees Retirement System boosted 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 worth $2,329,000 after buying an additional 17,300 shares in the last quarter. Finally, Cornerstone Capital Management Holdings LLC. boosted 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 worth $2,173,000 after buying an additional 56,522 shares in the last quarter.

Kraton Performance Polymers, Inc is a specialty chemicals company. The Company manufactures styrenic block copolymers (SBCs) and other engineered polymers. The Company also produces specialty products primarily derived from pine wood pulping co-products. It operates through the manufacturing and marketing of engineered polymers segment.

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