Kraton Performance Polymers Inc. (KRA) Reaches New 1-Year High at $37.03
Kraton Performance Polymers Inc. (NYSE:KRA)’s share price hit a new 52-week high during trading on Monday . The company traded as high as $37.03 and last traded at $37.01, with a volume of 474,000 shares. The stock had previously closed at $36.24.
A number of equities analysts have recently commented on the stock. 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 firm has a market cap of $1.14 billion and a P/E ratio of 11.48. The company’s 50-day moving average is $31.63 and its 200-day moving average is $24.72.
Kraton Performance Polymers (NYSE:KRA) last announced its earnings results 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 company had revenue of $454.65 million for the quarter, compared to the consensus estimate of $445.07 million. The company’s revenue for the quarter was up 77.7% compared to the same quarter last year. During the same period last year, the business earned $0.02 EPS. On average, equities research analysts forecast that Kraton Performance Polymers Inc. will post $2.75 earnings per share for the current year.
In related news, VP Melinda Scissors Conley sold 16,002 shares of the business’s stock in a transaction that occurred 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 sale, the vice president now directly owns 38,264 shares in the company, valued at $1,270,364.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Steven J. Demetriou sold 1,850 shares of the business’s stock in a transaction that occurred on Monday, August 15th. The shares were sold at an average price of $30.57, for a total transaction of $56,554.50. Following the sale, 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.