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NEW YORK ( TheStreet) -- Braskem (NYSE: BAK) hit a new 52-week low Wednesday as it is currently trading at $14.35, below its previous 52-week low of $14.38 with 200,203 shares traded as of 2:34 p.m. ET. Average volume has been 577,100 shares over the past 30 days. Braskem has a market cap of $6.18 billion and is part of the basic materials sector and chemicals industry. Shares are down 39.4% year to date as of the close of trading on Tuesday. 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 9.3, above the average chemicals industry P/E ratio of 5.1 and below the S&P 500 P/E ratio of 17.7.