Kraton Performance Polymers Inc. (KRA) Stock Price Up 2.5%
Kraton Performance Polymers Inc. (NYSE:KRA)’s share price rose 2.5% during trading on Thursday . The company traded as high as $34.71 and last traded at $34.57, with a volume of 311,409 shares traded. The stock had previously closed at $33.72.
KRA has been the subject of a number of research reports. Zacks Investment Research downgraded Kraton Performance Polymers from a “hold” rating to a “sell” rating in a research note on Wednesday, July 13th. TheStreet downgraded Kraton Performance Polymers from a “buy” rating to a “hold” rating in a research note on Wednesday, August 17th.
The company has a 50-day moving average price of $30.71 and a 200-day moving average price of $24.00. The stock has a market capitalization of $1.09 billion and a price-to-earnings ratio of 10.93.
Kraton Performance Polymers (NYSE:KRA) last issued its quarterly earnings data on Wednesday, July 27th. The company reported $0.63 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.70 by $0.07. The company had revenue of $454.65 million for the quarter, compared to analysts’ expectations of $445.07 million. During the same period in the previous year, the company earned $0.02 EPS. The company’s quarterly revenue was up 77.7% compared to the same quarter last year. Analysts anticipate that Kraton Performance Polymers Inc. will post $2.75 EPS for the current fiscal year.
In related news, VP James Leo Simmons sold 4,500 shares of the company’s stock in a transaction on Tuesday, August 16th. The shares were sold at an average price of $31.87, for a total value of $143,415.00. Following the completion of the sale, the vice president now directly owns 28,104 shares in the company, valued at $895,674.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Steven J. Demetriou sold 1,850 shares of the company’s stock in a transaction on Monday, August 15th. The stock was sold at an average price of $30.57, for a total transaction of $56,554.50. Following the completion of 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.
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