Kraton Performance Polymers Inc. (NYSE:KRA) shares hit a new 52-week high during trading on Monday . The stock traded as high as $34.23 and last traded at $33.74, with a volume of 380,878 shares traded. The stock had previously closed at $33.50.

Several brokerages have commented on KRA. Zacks Investment Research lowered shares of Kraton Performance Polymers from a “hold” rating to a “sell” rating in a report on Wednesday, July 13th. TheStreet lowered shares of Kraton Performance Polymers from a “buy” rating to a “hold” rating in a report on Wednesday, August 17th.

The company has a 50-day moving average of $30.12 and a 200 day moving average of $23.71. The company has a market capitalization of $1.05 billion and a price-to-earnings ratio of 10.60.

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

In related news, VP James Leo Simmons sold 4,500 shares of the firm’s stock in a transaction on Tuesday, August 16th. The shares were sold at an average price of $31.87, for a total value of $143,415.00. Following the completion of the transaction, the vice president now directly owns 28,104 shares of the company’s stock, valued at $895,674.48. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, VP Melinda Scissors Conley sold 16,002 shares of the firm’s stock in a transaction on Thursday, August 11th. The shares were sold at an average price of $33.20, for a total transaction of $531,266.40. Following the completion of the transaction, the vice president now directly owns 38,264 shares of the company’s stock, valued at $1,270,364.80. The disclosure for this sale can be found here.

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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