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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.