Braskem (NYSE:BAK) Stock Price Down 6.3% - Time to Sell?

Braskem S.A. (NYSE:BAK - Get Free Report) traded down 6.3% during mid-day trading on Friday . The company traded as low as $3.83 and last traded at $3.80. 696,705 shares were traded during mid-day trading, a decline of 15% from the average session volume of 816,002 shares. The stock had previously closed at $4.05.

Analyst Upgrades and Downgrades

Separately, Scotiabank downgraded shares of Braskem from a "sector outperform" rating to a "sector perform" rating in a report on Monday, March 3rd.

Braskem Stock Down 0.1%

The company has a 50 day simple moving average of $3.65 and a two-hundred day simple moving average of $4.09. The company has a market capitalization of $1.45 billion, a P/E ratio of -1.03 and a beta of 1.83.

Braskem (NYSE:BAK - Get Free Report) last released its quarterly earnings results on Monday, May 12th. The company reported $0.30 EPS for the quarter, topping analysts' consensus estimates 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. Braskem had a negative net margin of 9.88% and a negative return on equity of 439.59%. As a group, research analysts expect that Braskem S.A. will post -0.77 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of BAK. JPMorgan Chase & Co. grew its position in Braskem by 876.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 5,427 shares of the company's stock valued at $40,000 after acquiring an additional 4,871 shares during the last quarter. R Squared Ltd bought a new stake in shares of Braskem during the fourth quarter worth $44,000. Blue Trust Inc. boosted its stake in shares of Braskem by 2,510.3% during the fourth quarter. Blue Trust Inc. now owns 13,130 shares of the company's stock valued at $51,000 after purchasing an additional 12,627 shares during the period. Signaturefd LLC bought a new position in shares of Braskem in the fourth quarter worth about $53,000. Finally, Ballentine Partners LLC purchased a new position in Braskem in the 1st quarter worth about $58,000.

Braskem Company Profile

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.