Braskem Stock Hits New 52-Week Low (BAK)

NEW YORK ( TheStreet) -- Braskem (NYSE: BAK) hit a new 52-week low Wednesday as it is currently trading at $11.96, below its previous 52-week low of $11.98 with 219,349 shares traded as of 11:50 a.m. ET. Average volume has been 496,400 shares over the past 30 days.

Braskem has a market cap of $4.88 billion and is part of the basic materials sector and chemicals industry. Shares are down 14.4% 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 8.6, below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Braskem as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, notable return on equity and attractive valuation levels. However, as a counter to these strengths, we also find weaknesses including generally poor debt management, poor profit margins and a generally disappointing performance in the stock itself. You can view the full Braskem Ratings Report.

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