Kraton (NYSE:KRA) Sees Strong Trading Volume

Kraton Co. (NYSE:KRA) saw unusually-strong trading volume on Monday . Approximately 143,364 shares were traded during trading, a decline of 52% from the previous session’s volume of 299,448 shares.The stock last traded at $44.62 and had previously closed at $41.52.

A number of research analysts have recently weighed in on KRA shares. Zacks Investment Research upgraded Kraton from a “sell” rating to a “hold” rating in a report on Wednesday, August 4th. Loop Capital lifted their price objective on Kraton from $55.00 to $58.00 and gave the company a “buy” rating in a research report on Tuesday, June 15th. They noted that the move was a valuation call.

The company has a current ratio of 1.57, a quick ratio of 0.73 and a debt-to-equity ratio of 1.15. The firm has a market cap of $1.46 billion, a price-to-earnings ratio of -3.99 and a beta of 2.44. The firm has a 50-day moving average of $39.86 and a two-hundred day moving average of $37.26.

Kraton (NYSE:KRA) last issued its quarterly earnings results on Wednesday, July 28th. The specialty chemicals company reported $0.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.49 by ($0.17). Kraton had a negative net margin of 20.81% and a positive return on equity of 7.08%. The firm had revenue of $493.62 million for the quarter, compared to the consensus estimate of $432.20 million. As a group, equities analysts anticipate that Kraton Co. will post 2.33 EPS for the current year.

A number of large investors have recently bought and sold shares of KRA. Eagle Bay Advisors LLC acquired a new position in shares of Kraton in the 2nd quarter valued at $42,000. Royal Bank of Canada increased its position in shares of Kraton by 166.0% in the 2nd quarter. Royal Bank of Canada now owns 2,232 shares of the specialty chemicals company’s stock valued at $72,000 after buying an additional 1,393 shares in the last quarter. Shell Asset Management Co. bought a new position in Kraton during the 2nd quarter worth about $128,000. Mutual of America Capital Management LLC increased its holdings in Kraton by 7.4% during the 2nd quarter. Mutual of America Capital Management LLC now owns 4,570 shares of the specialty chemicals company’s stock worth $148,000 after purchasing an additional 313 shares in the last quarter. Finally, FDx Advisors Inc. increased its holdings in Kraton by 8.4% during the 2nd quarter. FDx Advisors Inc. now owns 6,335 shares of the specialty chemicals company’s stock worth $205,000 after purchasing an additional 492 shares in the last quarter. 92.31% of the stock is currently owned by hedge funds and other institutional investors.

Kraton Company Profile (NYSE:KRA)

Kraton Corp. engages in the manufacture and marketing of styrenic block copolymers, specialty polymers, and other products primarily derived from pine wood pulping co-products. It operates through the Polymer and Chemical segment. The Polymer segment includes styrenic block copolymers and other engineered polymers business.

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