Braskem (OTCMKTS:BRKMY) Shares Cross Above Two Hundred Day Moving Average - Here's Why

Key Points

• Shares crossed above its 200‑day moving average on Tuesday (200‑day MA $3.23), trading as high as $3.66 and last at $3.47 on volume of 2,607,845 shares, though the stock was down about 1.4%.
• Braskem has a market cap of $1.38 billion and a low P/E of 2.82, but carries high leverage (debt‑to‑equity 3.34) and weak liquidity (current ratio 0.79, quick ratio 0.46).
• Braskem is the largest producer of thermoplastic resins in Latin America and also produces bio‑based green polyethylene made from sugarcane ethanol.

Shares of Braskem SA ADR (OTCMKTS:BRKMY - Get Free Report) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $3.23 and traded as high as $3.66. Braskem shares last traded at $3.47, with a volume of 2,607,845 shares trading hands.

Braskem Stock Down 1.4%

The company has a market cap of $1.38 billion, a P/E ratio of 2.82 and a beta of 1.10. The company has a debt-to-equity ratio of 3.34, a current ratio of 0.79 and a quick ratio of 0.46. The stock has a fifty day moving average price of $3.95 and a two-hundred day moving average price of $3.23.

About Braskem

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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