Braskem (OTCMKTS:BRKMY) Stock Crosses Above Two Hundred Day Moving Average – Here’s What Happened

Braskem SA ADR (OTCMKTS:BRKMY)’s share price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $3.17 and traded as high as $4.8550. Braskem shares last traded at $4.73, with a volume of 4,185,812 shares traded.

Braskem Stock Performance

The stock has a market capitalization of $1.89 billion, a PE ratio of 3.85 and a beta of 1.10. The company has a quick ratio of 0.46, a current ratio of 0.79 and a debt-to-equity ratio of 3.34. The stock has a fifty day moving average of $3.68 and a 200-day moving average of $3.17.

Braskem Company Profile

Braskem SA is a Brazil-based petrochemical company and the largest producer of thermoplastic resins in Latin America. Formed in 2002 through the consolidation of regional chemical operations, Braskem specializes in the production of polyethylene, polypropylene and polyvinyl chloride, as well as a range of basic petrochemical inputs. The company’s product portfolio serves diverse end markets, including packaging, automotive, agriculture and construction, with an emphasis on innovation and performance-grade materials.

In addition to traditional resins, Braskem has developed bio-based polymers, most notably green polyethylene produced from sugarcane ethanol feedstock at its Triunfo plant in southern Brazil.