Braskem SA ADR (NYSE:BAK) traded today at a new 52-week high of $24.32. This new high was reached on below average trading volume as 118,000 shares traded hands, while the average 30-day volume is approximately 278,000 shares.
Braskem SA ADR has overhead space with shares priced $24.14, or 91.9% below the average consensus analyst price target of $297.76.
In the past 52 weeks, shares of Braskem SA ADR have traded between a low of $7.00 and a high of $24.32 and is now at $24.14, which is 245% above that low price.
Braskem SA manufactures and sells chemicals, petrochemicals, fuels, and utilities. The company’s geographical segments include Brazil; United States and Europe and Mexico. It derives a majority of revenue from Brazil. It produces olefins, such as ethylene, polymer and chemical grade propylene, butadiene and butene-1; fuels, such as automotive gasoline, liquefied petroleum gas, or LPG, ethyl tertiary-butyl ether, or ETBE, and methyl tertiary-butyl ether, or MTBE; intermediates, such as cumene and others.
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