Braskem S.A. (NYSE:BAK - Get Free Report) gapped down prior to trading on Thursday . The stock had previously closed at $3.67, but opened at $3.56. Braskem shares last traded at $3.54, with a volume of 439,744 shares.
Braskem Price Performance
The company's fifty day simple moving average is $3.63 and its 200-day simple moving average is $3.85. The firm has a market capitalization of $1.42 billion, a PE ratio of -0.85 and a beta of 1.69.
Braskem (NYSE:BAK - Get Free Report) last released its quarterly earnings results on Monday, May 12th. The company reported $0.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.03 by $0.27. The firm had revenue of $3.60 billion during the quarter, compared to analysts' expectations of $22.86 billion. As a group, equities research analysts anticipate that Braskem S.A. will post -0.77 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
Several institutional investors have recently modified their holdings of the company. Graham Capital Management L.P. purchased a new position in shares of Braskem in the first quarter worth about $532,000. Jump Financial LLC raised its stake in shares of Braskem by 114.4% in the first quarter. Jump Financial LLC now owns 37,304 shares of the company's stock worth $144,000 after purchasing an additional 19,904 shares during the last quarter. Banco BTG Pactual S.A. purchased a new position in shares of Braskem in the first quarter worth about $248,000. American Century Companies Inc. raised its stake in shares of Braskem by 12.6% in the first quarter. American Century Companies Inc. now owns 110,035 shares of the company's stock worth $424,000 after purchasing an additional 12,300 shares during the last quarter. Finally, Virtu Financial LLC purchased a new position in shares of Braskem in the first quarter worth about $99,000.
About Braskem
(
Get Free Report)
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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