Braskem (NYSE:BAK) Hits New 1-Year Low - Should You Sell?

Braskem S.A. (NYSE:BAK - Get Free Report) reached a new 52-week low during trading on Thursday . The stock traded as low as $3.92 and last traded at $3.98, with a volume of 1366840 shares. The stock had previously closed at $4.27.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on BAK shares. JPMorgan Chase & Co. dropped their price objective on shares of Braskem from $10.00 to $9.50 and set a "neutral" rating on the stock in a research report on Tuesday, September 10th. UBS Group raised Braskem from a "neutral" rating to a "buy" rating and increased their target price for the company from $7.70 to $10.00 in a report on Wednesday, September 18th.

Braskem Stock Performance

The firm has a 50 day moving average of $5.48 and a two-hundred day moving average of $6.24. The company has a debt-to-equity ratio of 23.25, a current ratio of 1.28 and a quick ratio of 0.76. The stock has a market cap of $1.83 billion, a PE ratio of -1.14 and a beta of 1.98.

Institutional Investors Weigh In On Braskem

Several hedge funds and other institutional investors have recently bought and sold shares of BAK. MQS Management LLC acquired a new position in Braskem during the third quarter worth approximately $77,000. Virtu Financial LLC acquired a new position in shares of Braskem in the 3rd quarter valued at $88,000. Verition Fund Management LLC purchased a new stake in Braskem in the 3rd quarter valued at $123,000. Dynamic Technology Lab Private Ltd acquired a new stake in Braskem during the 3rd quarter worth $197,000. Finally, Point72 Asset Management L.P. grew its position in Braskem by 60.9% during the 2nd quarter. Point72 Asset Management L.P. now owns 41,200 shares of the company's stock worth $266,000 after purchasing an additional 15,600 shares during the last quarter.

Braskem Company Profile

Braskem SA, together with its subsidiaries, produces and sells thermoplastic resins. The company operates through three segments: Brazil, United States and Europe, and Mexico. The Brazil segment produces and sells olefins, including ethylene, polymer and chemical grade propylene, butadiene, and butene-1; benzene, toluene, and xylenes products; fuels, such as automotive gasoline, liquefied petroleum gas, ethyl tertiary-butyl ether, and methyl tertiary-butyl ether; intermediates, such as cumene; aliphatics, aromatics, and hydrogenated solvents; and specialties comprising isoprene, dicyclopentadiene, piperylene, nonene, tetramer, polyisobutylene, and hydrocarbon resins.