Braskem SA (BAK) Sees Strong Trading Volume
Braskem SA (NYSE:BAK) shares saw strong trading volume on Wednesday . 542,605 shares were traded during mid-day trading, an increase of 12% from the previous session’s volume of 484,295 shares.The stock last traded at $14.76 and had previously closed at $14.25.
A number of equities research analysts have issued reports on BAK shares. Bank of America Corp. upgraded shares of Braskem SA from a “neutral” rating to a “buy” rating in a research note on Tuesday, May 24th. Zacks Investment Research downgraded shares of Braskem SA from a “buy” rating to a “strong sell” rating in a research note on Monday, July 25th.
The stock has a 50 day moving average price of $12.61 and a 200 day moving average price of $12.61. The stock has a market cap of $5.90 billion and a PE ratio of 6.41.
Braskem SA produces thermoplastic resins. The Company’s segments are Basic petrochemicals, Polyolefins, Vinyls, the United States and Europe, and Chemical distribution. It is also engaged in the import and export of chemicals, petrochemicals and fuels, the production, supply and sale of utilities such as steam, water, compressed air, industrial gases, the provision of industrial services, and the production, supply and sale of electric energy.
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