Braskem SA Reaches New 1-Year Low at $12.55 (BAK)
Braskem SA (NYSE:BAK) reached a new 52-week low during trading on Wednesday , AnalystRatings.Net reports. The stock traded as low as $12.55 and last traded at $12.63, with a volume of 119,232 shares changing hands. The stock had previously closed at $12.80.
Separately, analysts at Zacks upgraded shares of Braskem SA from a “neutral” rating to an “outperform” rating in a research note on Monday, May 12th. They now have a $16.00 price target on the stock.
The stock’s 50-day moving average is $13.31 and its 200-day moving average is $14.68. The company has a market cap of $5.099 billion and a P/E ratio of 16.04.
Braskem SA (NYSE:BAK) last issued its quarterly earnings data on Thursday, May 8th. The company reported $0.43 earnings per share for the quarter, beating the analysts’ consensus estimate of ($3.22) by $3.65. Analysts expect that Braskem SA will post $1.04 EPS for the current fiscal year.
Braskem SA (NYSE:BAK) is a petrochemical company.
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