Shares of Braskem SA ADR (OTCMKTS:BRKMY – Get Free Report) were down 0.9% during mid-day trading on Wednesday. The company traded as low as $1.0550 and last traded at $1.11. Approximately 708,702 shares changed hands during trading, an increase of 129% from the average daily volume of 310,002 shares. The stock had previously closed at $1.12.
Braskem Price Performance
The firm has a market cap of $450.43 million, a P/E ratio of 0.92 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. The business has a 50-day moving average of $1.59 and a two-hundred day moving average of $2.94.
About Braskem
Braskem is a Brazilian petrochemical company that makes basic chemicals and plastics used in packaging, construction, automotive, consumer goods and other industries. Its products include polyethylene, polypropylene and polyvinyl chloride, as well as chemical intermediates and other inputs for manufacturing. The company also produces bio-based polyethylene under its I’m green brand, using sugarcane-derived ethanol as a feedstock. Braskem was formed in 2002 through the consolidation of several Brazilian petrochemical businesses.
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