Braskem SA (BAK) Shares Gap Up to $13.62
Shares of Braskem SA (NYSE:BAK) gapped up prior to trading on Tuesday . The stock had previously closed at $13.60, but opened at $13.62. Braskem SA shares last traded at $14.37, with a volume of 310,447 shares changing hands.
A number of analysts have recently weighed in on BAK shares. Zacks Investment Research cut shares of Braskem SA from a “buy” rating to a “strong sell” rating in a report on Monday, July 25th. Bank of America Corp. upgraded shares of Braskem SA from a “neutral” rating to a “buy” rating in a report on Tuesday, May 24th.
The stock has a market cap of $5.67 billion and a price-to-earnings ratio of 6.16. The firm’s 50 day moving average price is $12.51 and its 200-day moving average price is $12.60.
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.