Shares of Braskem SA (NYSE:BAK) rose 3.3% on Monday . The stock traded as high as $13.64 and last traded at $13.63, with a volume of 195,028 shares changing hands. The stock had previously closed at $13.19.

BAK has been the topic of several recent analyst reports. Zacks Investment Research cut Braskem SA from a “buy” rating to a “strong sell” rating in a report on Monday, July 25th. Bank of America Corp. raised Braskem SA from a “neutral” rating to a “buy” rating in a report on Tuesday, May 24th.

The company’s 50-day moving average is $12.51 and its 200 day moving average is $12.60. The stock has a market cap of $5.92 billion and a PE ratio of 6.43.

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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