Braskem S.A. (NYSE:BAK – Get Free Report) shot up 1.2% during mid-day trading on Monday . The stock traded as high as $8.80 and last traded at $8.76. 599,930 shares traded hands during trading, a decline of 40% from the average session volume of 1,002,539 shares. The stock had previously closed at $8.65.
Braskem Price Performance
The business’s 50-day moving average is $8.99 and its two-hundred day moving average is $8.11. The company has a current ratio of 1.53, a quick ratio of 1.02 and a debt-to-equity ratio of 16.23.
Braskem (NYSE:BAK – Get Free Report) last announced its quarterly earnings results on Tuesday, March 19th. The company reported ($0.80) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.55) by ($0.25). Braskem had a negative return on equity of 87.01% and a negative net margin of 6.61%. The business had revenue of $3.37 billion for the quarter, compared to analysts’ expectations of $3.50 billion. As a group, sell-side analysts expect that Braskem S.A. will post -0.99 earnings per share for the current year.
Hedge Funds Weigh In On Braskem
About Braskem
Braskem SA, together with its subsidiaries, produces and sells thermoplastic resins. The company operates through three segments: Brazil, United States and Europe, and Mexico. The Brazil segment produces and sells olefins, including ethylene, polymer and chemical grade propylene, butadiene, and butene-1; benzene, toluene, and xylenes products; fuels, such as automotive gasoline, liquefied petroleum gas, ethyl tertiary-butyl ether, and methyl tertiary-butyl ether; intermediates, such as cumene; aliphatics, aromatics, and hydrogenated solvents; and specialties comprising isoprene, dicyclopentadiene, piperylene, nonene, tetramer, polyisobutylene, and hydrocarbon resins.
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