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Braskem SA (NYSE:BAK) was downgraded by equities research analysts at HSBC from an “overweight” rating to a “neutral” rating in a research note issued to investors on Friday, TheFlyOnTheWall.com reports.

Shares of Braskem SA (NYSE:BAK) traded down 1.35% on Friday, hitting $12.42. The stock had a trading volume of 422,652 shares. Braskem SA has a one year low of $12.14 and a one year high of $18.58. The stock’s 50-day moving average is $12.89 and its 200-day moving average is $13.90. The company has a market cap of $4.813 billion and a price-to-earnings ratio of 11.97.

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

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