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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TheStreet Ratings rates Braskem SA Preferred Shares Sponsored ADR R as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, good cash flow from operations and solid stock price performance. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, generally poor debt management and disappointing return on equity. You can view the full Braskem SA Preferred Shares Sponsored ADR R Ratings Report.

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