Braskem (OTCMKTS:BRKMY) Share Price Passes Above 200 Day Moving Average – Here’s What Happened
by Teresa Graham · The Cerbat GemBraskem SA ADR (OTCMKTS:BRKMY – Get Free Report) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $3.60 and traded as high as $4.5650. Braskem shares last traded at $4.46, with a volume of 1,423,568 shares.
Braskem Stock Down 0.2%
The company has a debt-to-equity ratio of 3.34, a quick ratio of 0.46 and a current ratio of 0.79. The firm’s fifty day simple moving average is $4.03 and its 200 day simple moving average is $3.60. The stock has a market capitalization of $1.78 billion, a price-to-earnings ratio of 3.63 and a beta of 1.10.
Braskem Company Profile
Braskem SA is a Brazil-based petrochemical company and the largest producer of thermoplastic resins in Latin America. Formed in 2002 through the consolidation of regional chemical operations, Braskem specializes in the production of polyethylene, polypropylene and polyvinyl chloride, as well as a range of basic petrochemical inputs. The company’s product portfolio serves diverse end markets, including packaging, automotive, agriculture and construction, with an emphasis on innovation and performance-grade materials.
In addition to traditional resins, Braskem has developed bio-based polymers, most notably green polyethylene produced from sugarcane ethanol feedstock at its Triunfo plant in southern Brazil.