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Braskem SA (NYSE:BAK) shares hit a new 52-week low during trading on Wednesday , AnalystRatingsNetwork reports. The stock traded as low as $12.22 and last traded at $12.22, with a volume of 81,269 shares traded. The stock had previously closed at $12.47.

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 has a 50-day moving average of $13.06 and a 200-day moving average of $14.08. The company has a market cap of $4.968 billion and a P/E ratio of 15.87.

Braskem SA (NYSE:BAK) last announced its earnings results on Thursday, May 8th. The company reported $0.43 EPS for the quarter, beating the Thomson Reuters consensus estimate of ($3.22) by $3.65. On average, analysts predict that Braskem SA will post $1.02 earnings per share for the current fiscal year.

Braskem SA (NYSE:BAK) is a petrochemical company.

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