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Shares of Kraton Performance Polymers (NYSE:KRA) were down 9.9% during trading on Thursday following a weaker than expected earnings announcement, Analyst Ratings News reports. The stock traded as low as $20.11 and last traded at $20.22, with a volume of 451,623 shares. The stock had previously closed at $22.44.

The company reported $0.46 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.52 by $0.06. The company had revenue of $323.80 million for the quarter, compared to the consensus estimate of $342.61 million. During the same quarter last year, the company posted $0.15 earnings per share. Kraton Performance Polymers’s revenue was down 3.2% compared to the same quarter last year.

A number of analysts have recently weighed in on KRA shares. Analysts at Zacks downgraded shares of Kraton Performance Polymers from a “neutral” rating to an “underperform” rating in a research note on Tuesday, July 1st. They now have a $21.30 price target on the stock. Separately, analysts at SunTrust set a $26.00 price target on shares of Kraton Performance Polymers in a research note on Wednesday, June 25th. Finally, analysts at Credit Suisse downgraded shares of Kraton Performance Polymers from an “outperform” rating to a “neutral” rating in a research note on Wednesday, June 25th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $25.77.

The stock’s 50-day moving average is $22.79 and its 200-day moving average is $24.9. The company’s market cap is $675.5 million.

Kraton Performance Polymers, Inc, is a producer of styrenic block copolymers (NYSE:KRA) and other engineered polymers.

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