Kraton (NYSE:KRA) Sees Strong Trading Volume

Kraton Co. (NYSE:KRA) saw an uptick in trading volume on Monday . 143,364 shares were traded during mid-day 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.

Several research firms recently weighed in on KRA. Zacks Investment Research upgraded Kraton from a “sell” rating to a “hold” rating in a research report on Wednesday, August 4th. Loop Capital increased their target price on Kraton from $55.00 to $58.00 and gave the company a “buy” rating in a research note on Tuesday, June 15th. They noted that the move was a valuation call.

The company has a quick ratio of 0.73, a current ratio of 1.57 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 business has a 50 day moving average price of $39.86 and a 200-day moving average price of $37.26.

Kraton (NYSE:KRA) last issued its quarterly earnings data on Wednesday, July 28th. The specialty chemicals company reported $0.32 earnings per share for the quarter, missing analysts’ consensus estimates 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 business had revenue of $493.62 million for the quarter, compared to analyst estimates of $432.20 million. Research analysts anticipate that Kraton Co. will post 2.33 earnings per share for the current fiscal year.

A number of hedge funds and other institutional investors have recently modified their holdings of KRA. The Manufacturers Life Insurance Company grew its position in shares of Kraton by 1.7% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 17,794 shares of the specialty chemicals company’s stock worth $575,000 after acquiring an additional 290 shares in the last quarter. Mutual of America Capital Management LLC grew its position in shares of Kraton by 7.4% in the 1st quarter. Mutual of America Capital Management LLC now owns 4,257 shares of the specialty chemicals company’s stock worth $156,000 after acquiring an additional 294 shares in the last quarter. Price T Rowe Associates Inc. MD grew its position in shares of Kraton by 2.2% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 18,144 shares of the specialty chemicals company’s stock worth $664,000 after acquiring an additional 390 shares in the last quarter. FDx Advisors Inc. grew its position in shares of Kraton by 8.4% in the 2nd quarter. FDx Advisors Inc. now owns 6,335 shares of the specialty chemicals company’s stock worth $205,000 after acquiring an additional 492 shares in the last quarter. Finally, Swiss National Bank grew its position in shares of Kraton by 0.8% in the 1st quarter. Swiss National Bank now owns 72,800 shares of the specialty chemicals company’s stock worth $2,664,000 after acquiring an additional 600 shares in the last quarter. Hedge funds and other institutional investors own 92.31% of the company’s stock.

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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