Braskem S.A. (NYSE:BAK - Get Free Report) gapped up before the market opened on Wednesday . The stock had previously closed at $3.39, but opened at $3.65. Braskem shares last traded at $3.67, with a volume of 764,497 shares changing hands.
Braskem Price Performance
The stock's 50-day simple moving average is $3.63 and its two-hundred day simple moving average is $3.85. The firm has a market capitalization of $1.41 billion, a P/E ratio of -0.85 and a beta of 1.69.
Braskem (NYSE:BAK - Get Free Report) last posted its quarterly earnings results on Monday, May 12th. The company reported $0.30 EPS for the quarter, topping the consensus estimate of $0.03 by $0.27. The company had revenue of $3.60 billion during the quarter, compared to analysts' expectations of $22.86 billion. On average, analysts forecast that Braskem S.A. will post -0.77 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
A number of large investors have recently bought and sold shares of BAK. Kapitalo Investimentos Ltda grew its position in shares of Braskem by 1,136,346.5% during the first quarter. Kapitalo Investimentos Ltda now owns 1,466,016 shares of the company's stock worth $5,644,000 after acquiring an additional 1,465,887 shares during the last quarter. Covalis Capital LLP grew its holdings in Braskem by 27.1% in the 4th quarter. Covalis Capital LLP now owns 1,173,852 shares of the company's stock valued at $4,531,000 after buying an additional 250,215 shares during the period. Marshall Wace LLP lifted its stake in shares of Braskem by 14.3% in the 4th quarter. Marshall Wace LLP now owns 787,348 shares of the company's stock valued at $3,039,000 after purchasing an additional 98,406 shares in the last quarter. Walleye Capital LLC lifted its stake in shares of Braskem by 60.5% in the 4th quarter. Walleye Capital LLC now owns 512,076 shares of the company's stock valued at $1,977,000 after purchasing an additional 193,120 shares in the last quarter. Finally, Renaissance Technologies LLC lifted its position in Braskem by 126.1% during the 4th quarter. Renaissance Technologies LLC now owns 329,910 shares of the company's stock worth $1,273,000 after acquiring an additional 184,010 shares in the last quarter.
Braskem Company Profile
(
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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