Shares of BAK fell by 2.04% or $-0.28/share to $13.47. NYSE is trading at a price to book ratio of 1.34. The PEG is 0.48 suggesting that the shares are trading at an excellent value relative to firm's growth rate. The price to sales ratio came in at 0.31. Hence, the firm is extremely cheap relative to its top line sales figures. On average, 321744 shares of BAK exchange hands on a given day and today's volume is recorded at 131267. These factors combined may make this company a potential takeover candidate. Lookout for any takeover chatter or takeover news regarding this stock as one of the bigger players may have an eye on this one.
Braskem SA, formerly Copene Petroquimica do Nordeste SA, is a Brazil-based company primarily engaged in the manufacture of basic petrochemical products.
