Braskem (OTCMKTS:BRKMY) Sets New 12-Month Low – Time to Sell?

Braskem SA ADR (OTCMKTS:BRKMYGet Free Report)’s stock price reached a new 52-week low on Tuesday . The stock traded as low as $4.15 and last traded at $4.27, with a volume of 1670162 shares traded. The stock had previously closed at $4.14.

Braskem Price Performance

The stock’s 50 day simple moving average is $5.74 and its 200-day simple moving average is $6.33. 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 has a market cap of $1.59 billion, a price-to-earnings ratio of 3.24 and a beta of 1.10.

About Braskem

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Braskem SA, together with its subsidiaries, produces and sells thermoplastic resins. The company operates through Chemicals, Polyolefins, Vinyls, United States and Europe, and Mexico segments. The Chemicals segment produces and sells ethylene, propylene butadiene, toluene, xylene, cumene, and benzene, as well as gasoline, diesel and liquefied petroleum gas, and other petroleum derivatives; and supplies electric energy, steam, compressed air, and other inputs to second-generation producers.

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