Braskem SA (BAK) Trading Up 3.3%
Shares of Braskem SA (NYSE:BAK) were up 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.
Several analysts have recently weighed in on BAK shares. Zacks Investment Research downgraded Braskem SA from a “buy” rating to a “strong sell” rating in a research note on Monday, July 25th. Bank of America Corp. upgraded Braskem SA from a “neutral” rating to a “buy” rating in a research note on Tuesday, May 24th.
The stock has a market capitalization of $5.42 billion and a price-to-earnings ratio of 5.89. The company has a 50-day moving average price of $12.35 and a 200-day moving average price of $12.55.
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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