Braskem (OTCMKTS:BRKMY) Shares Cross Above 200-Day Moving Average - Here's What Happened

Key Points

• Braskem crossed above its 200-day moving average, trading as high as $3.69 and last at $3.46 on volume of 3,366,788 shares versus a 200‑day MA of $3.31.
• Fundamentals show a low valuation with a PE ratio of 2.81 and $1.38 billion market cap, but the company has weak liquidity (current ratio 0.79, quick ratio 0.46) and high leverage (debt‑to‑equity 3.34).
• Braskem is Brazil’s largest producer of thermoplastic resins, serving packaging, automotive, agriculture and construction markets, and produces bio‑based green polyethylene from sugarcane ethanol.

Braskem SA ADR (OTCMKTS:BRKMY - Get Free Report) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $3.31 and traded as high as $3.69. Braskem shares last traded at $3.46, with a volume of 3,366,788 shares.

Braskem Stock Performance

The business has a fifty day moving average of $3.97 and a 200-day moving average of $3.31. The company has a market cap of $1.38 billion, a PE ratio of 2.81 and a beta of 1.10. The company has a current ratio of 0.79, a quick ratio of 0.46 and a debt-to-equity ratio of 3.34.

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.

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