Kraton Performance Polymers Inc. (KRA) Hits New 1-Year High at $36.27
Kraton Performance Polymers Inc. (NYSE:KRA) shares reached a new 52-week high on Monday . The company traded as high as $36.27 and last traded at $36.22, with a volume of 389,090 shares changing hands. The stock had previously closed at $35.25.
A number of research analysts recently weighed in on KRA shares. TheStreet lowered shares of Kraton Performance Polymers from a “buy” rating to a “hold” rating in a report on Wednesday, August 17th. Zacks Investment Research lowered shares of Kraton Performance Polymers from a “hold” rating to a “sell” rating in a report on Tuesday, July 19th.
The firm has a market capitalization of $1.13 billion and a PE ratio of 11.34. The firm’s 50-day moving average price is $31.13 and its 200-day moving average price is $24.47.
Kraton Performance Polymers (NYSE:KRA) last released its quarterly earnings data on Wednesday, July 27th. The company reported $0.63 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.70 by $0.07. The business earned $454.65 million during the quarter, compared to analyst estimates of $445.07 million. The company’s quarterly revenue was up 77.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.02 EPS. On average, equities research analysts predict that Kraton Performance Polymers Inc. will post $2.75 EPS for the current year.
In other news, Director Steven J. Demetriou sold 1,850 shares of the company’s stock in a transaction that occurred 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 transaction, the director now directly owns 30,398 shares of the company’s stock, valued at approximately $929,266.86. The sale was disclosed in a filing with the SEC, which is available at this link. Also, VP Melinda Scissors Conley sold 16,002 shares of the company’s stock in a transaction that occurred on Thursday, August 11th. The stock was sold at an average price of $33.20, for a total value of $531,266.40. Following the transaction, the vice president now directly owns 38,264 shares of the company’s stock, valued at $1,270,364.80. 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.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.