Braskem SA Preferred Shares Sponsored ADR R Reaches New 52-Week High (BAK)
NEW YORK (TheStreet) -- Braskem SA Preferred Shares Sponsored ADR R (NYSE:BAK) hit a new 52-week high Monday as it is currently trading at $29.31, above its previous 52-week high of $29.26 with 62,049 shares traded as of 11:31 a.m. ET. Average volume has been 186,700 shares over the past 30 days. Braskem SA Preferred Shares Sponsored ADR R has a market cap of $11.3 billion and is part of the basic materials sector and chemicals industry. Shares are up 15.2% year to date as of the close of trading on Friday. Braskem S.A. produces and sells petrochemical products in Brazil and the United States. The company has a P/E ratio of 17, above the average chemicals industry P/E ratio of 8.8 and above the S&P 500 P/E ratio of 16.8.
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