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NEW YORK ( TheStreet) -- Braskem SA Preferred Shares Sponsored ADR R (NYSE: BAK) hit a new 52-week high Wednesday as it traded at $26.09 compared with its previous 52-Week high of $26.03. Braskem SA Preferred Shares Sponsored ADR R is changing hands at $26.07 with 67,655 shares traded as of 12 p.m. ET. Average volume has been 173,700 shares over the past 30 days. Braskem SA Preferred Shares Sponsored ADR R has a market cap of $1 billion and is part of the basic materials sector and chemicals industry. Shares are up 3.4% year to date as of the close of trading on Tuesday. Braskem S.A. produces and sells petrochemical products in Brazil and the United States. The company has a P/E ratio of 15.1, below the S&P 500 P/E ratio of 16.1.