Braskem’s stock reached a new 52-week low of $2.80, closing at $2.84, with trading volume exceeding 1 million shares.
The company reported a loss of $0.14 EPS for the last quarter, significantly beating analysts’ expectations of a loss of $0.70, but revenue fell short of projections at $3.38 billion.
Institutional investors have recently increased their stakes in Braskem, with Jane Street Group LLC boosting holdings by over 130% during the second quarter.
Shares of Braskem S.A. reached a new 52-week low during trading on Wednesday . The company traded as low as $2.80 and last traded at $2.84, with a volume of 1069543 shares traded. The stock had previously closed at $2.95.
The business’s 50 day moving average is $3.26 and its 200 day moving average is $3.62. The company has a market capitalization of $1.27 billion, a price-to-earnings ratio of -1.25 and a beta of 1.70.
Braskem last released its earnings results on Thursday, August 7th. The company reported ($0.14) EPS for the quarter, topping analysts’ consensus estimates of ($0.70) by $0.56. The company had revenue of $3.38 billion during the quarter, compared to analyst estimates of $18.76 billion. Sell-side analysts predict that Braskem S.A. will post -0.77 EPS for the current year.