Braskem SA (BAK) Receives New Coverage from Analysts at HSBC
Separately, Zacks Investment Research raised Braskem SA from a strong sell rating to a hold rating in a research note on Friday, September 9th.
Shares of Braskem SA (NYSE:BAK) traded up 1.22% on Tuesday, reaching $16.55. The company’s stock had a trading volume of 248,460 shares. The stock has a market cap of $6.59 billion, a PE ratio of 7.13 and a beta of 1.69. The company’s 50 day moving average is $14.61 and its 200-day moving average is $12.92. Braskem SA has a 1-year low of $9.44 and a 1-year high of $16.58.
The business also recently declared a dividend, which will be paid on Tuesday, October 18th. Stockholders of record on Tuesday, October 11th will be given a $0.764 dividend. This is a positive change from Braskem SA’s previous dividend of $0.65. The ex-dividend date of this dividend is Thursday, October 6th. Braskem SA’s dividend payout ratio (DPR) is currently 69.23%.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Eqis Capital Management Inc. bought a new position in Braskem SA during the third quarter valued at about $236,000. Highbridge Capital Management LLC bought a new position in Braskem SA during the second quarter valued at about $2,576,000. Jane Street Group LLC raised its position in Braskem SA by 5.2% in the second quarter. Jane Street Group LLC now owns 31,960 shares of the company’s stock valued at $379,000 after buying an additional 1,579 shares in the last quarter. Panagora Asset Management Inc. raised its position in Braskem SA by 220.3% in the second quarter. Panagora Asset Management Inc. now owns 687,549 shares of the company’s stock valued at $8,147,000 after buying an additional 472,880 shares in the last quarter. Finally, A.R.T. Advisors LLC raised its position in Braskem SA by 209.6% in the second quarter. A.R.T. Advisors LLC now owns 164,687 shares of the company’s stock valued at $1,951,000 after buying an additional 111,500 shares in the last quarter. Institutional investors and hedge funds own 1.16% of the company’s stock.
Braskem SA Company Profile
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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