Kraton Performance Polymers Inc. (KRA) Sets New 1-Year High at $36.27
Kraton Performance Polymers Inc. (NYSE:KRA)’s share price reached a new 52-week high during trading on Monday . The company traded as high as $36.27 and last traded at $36.22, with a volume of 389,090 shares traded. The stock had previously closed at $35.25.
A number of equities analysts recently commented on the company. TheStreet downgraded Kraton Performance Polymers from a “buy” rating to a “hold” rating in a report on Wednesday, August 17th. Zacks Investment Research downgraded Kraton Performance Polymers from a “hold” rating to a “sell” rating in a report on Tuesday, July 19th.
The stock has a market cap of $1.12 billion and a PE ratio of 11.27. The company has a 50-day moving average price of $30.71 and a 200-day moving average price of $24.00.
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. Analysts expect that Kraton Performance Polymers Inc. will post $2.75 EPS for the current fiscal year.
In other news, VP Melinda Scissors Conley sold 16,002 shares of the business’s stock in a transaction dated Thursday, August 11th. The stock was 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 in the company, valued at approximately $1,270,364.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Steven J. Demetriou sold 1,850 shares of the business’s stock in a transaction dated Monday, August 15th. The stock was sold at an average price of $30.57, for a total value of $56,554.50. Following the transaction, the director now owns 30,398 shares of the company’s stock, valued at $929,266.86. 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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