NEW YORK ( TheStreet) -- Braskem (NYSE: BAK) hit a new 52-week low Thursday as it is currently trading at $14.95, below its previous 52-week low of $15.22 with 172,512 shares traded as of 10:50 a.m. ET. Average volume has been 607,300 shares over the past 30 days. Braskem has a market cap of $6.8 billion and is part of the basic materials sector and chemicals industry. Shares are down 37% year to date as of the close of trading on Wednesday. Braskem S.A., together with its subsidiaries, produces and sells petrochemical and thermoplastic products in Brazil and internationally. The company has a P/E ratio of 10.2, above the average chemicals industry P/E ratio of 4.4 and below the S&P 500 P/E ratio of 17.7.
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