Braskem SA (NYSE:BAK) was the recipient of some unusual options trading activity on Tuesday. Traders purchased 8,333 call options on the company. This is an increase of approximately 3,945% compared to the average daily volume of 206 call options.

A number of analysts have issued reports on the stock. ValuEngine raised shares of Braskem from a “sell” rating to a “hold” rating in a report on Thursday, November 1st. HSBC downgraded shares of Braskem from a “buy” rating to a “hold” rating in a report on Friday, September 28th.

NYSE BAK opened at $26.14 on Wednesday. The company has a quick ratio of 0.51, a current ratio of 0.87 and a debt-to-equity ratio of 5.51. The stock has a market capitalization of $10.81 billion, a price-to-earnings ratio of 8.17 and a beta of 1.10. Braskem has a 12-month low of $21.32 and a 12-month high of $32.67.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in Braskem by 104.0% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 509,942 shares of the energy company’s stock valued at $14,722,000 after purchasing an additional 259,967 shares during the period. Dimensional Fund Advisors LP boosted its holdings in Braskem by 0.5% in the 3rd quarter. Dimensional Fund Advisors LP now owns 907,970 shares of the energy company’s stock valued at $26,248,000 after purchasing an additional 4,158 shares during the period. Quantbot Technologies LP bought a new stake in Braskem in the 3rd quarter valued at about $131,000. FMR LLC boosted its holdings in Braskem by 0.9% in the 3rd quarter. FMR LLC now owns 373,301 shares of the energy company’s stock valued at $10,777,000 after purchasing an additional 3,201 shares during the period. Finally, BlackRock Inc. boosted its holdings in Braskem by 236.8% in the 3rd quarter. BlackRock Inc. now owns 407,021 shares of the energy company’s stock valued at $11,752,000 after purchasing an additional 286,156 shares during the period. 0.57% of the stock is owned by hedge funds and other institutional investors.

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Braskem Company Profile

Braskem SA, together with its subsidiaries, produces and sells thermoplastic resins. Its Basic Petrochemicals segment offers olefins, such as ethylene, polymer and chemical grade propylene, butadiene, and butene-1; BTX products comprising benzene, para-xylene, and toluene; fuels, including automotive gasoline, liquefied petroleum gas, ethyl tertiary butyl ether, and methyl tertiary butyl ether; intermediates, such as cumene; and aliphatics, aromatics, and hydrogenates solvents, as well as specialties, such as isoprene, dicyclopentadiene, piperylene, nonene, tetramer, polyisobutylene, and hydrocarbon resins.

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