Braskem (NYSE:BAK) Shares Gap Down – Here’s Why

Posted by Geri Gentry on Sep 16th, 2026

Braskem S.A. (NYSE:BAK – Get Free Report) gapped down before the market opened on Wednesday . The stock had previously closed at $2.10, but opened at $1.84. Braskem shares last traded at $1.8050, with a volume of 836,321 shares changing hands.

Analysts Set New Price Targets

Several research firms have recently weighed in on BAK. Citigroup downgraded shares of Braskem from a “neutral” rating to a “sell” rating in a research note on Thursday, June 25th. UBS Group cut shares of Braskem from a “neutral” rating to a “sell” rating and dropped their price target for the company from $4.00 to $1.50 in a research note on Tuesday. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Braskem in a report on Friday, July 17th. Finally, JPMorgan Chase & Co. lowered shares of Braskem from an “overweight” rating to a “neutral” rating in a research note on Tuesday, June 30th. Two analysts have rated the stock with a Hold rating and six have issued a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Strong Sell” and an average target price of $2.83.

View Our Latest Analysis on Braskem

Braskem Price Performance

The company has a market cap of $715.49 million, a P/E ratio of -0.74, a price-to-earnings-growth ratio of 0.12 and a beta of 1.56. The company has a 50 day moving average of $2.16 and a 200-day moving average of $3.24.

Braskem (NYSE:BAK – Get Free Report) last released its earnings results on Friday, June 26th. The company reported $1.61 EPS for the quarter. The business had revenue of $4.20 billion for the quarter. Braskem had a negative return on equity of 67.75% and a negative net margin of 7.28%. Research analysts anticipate that Braskem S.A. will post 1.58 EPS for the current year.

Institutional Investors Weigh In On Braskem

A number of hedge funds have recently made changes to their positions in the business. Brooklands Fund Management Ltd purchased a new position in Braskem during the 1st quarter valued at about $2,013,000. X Square Capital LLC boosted its holdings in Braskem by 117.6% in the fourth quarter. X Square Capital LLC now owns 185,000 shares of the company’s stock valued at $546,000 after acquiring an additional 100,000 shares in the last quarter. Ramsey Quantitative Systems purchased a new position in Braskem during the 2nd quarter valued at $155,000. Bank of America Corp DE increased its position in Braskem by 178,471.4% during the 1st quarter. Bank of America Corp DE now owns 50,000 shares of the company’s stock valued at $183,000 after purchasing an additional 49,972 shares during the period. Finally, Engineers Gate Manager LP raised its holdings in Braskem by 192.8% in the 2nd quarter. Engineers Gate Manager LP now owns 68,198 shares of the company’s stock worth $166,000 after purchasing an additional 44,905 shares in the last quarter.

About Braskem

(Get Free Report)

Braskem SA is a Brazilian petrochemical company headquartered in São Paulo. Established in 2002 through the combination of Odebrecht Química and the petrochemical company Copene, Braskem has developed into one of Latin America’s major producers of thermoplastic resins and basic petrochemicals.

The company manufactures polyethylene, polypropylene and polyvinyl chloride (PVC), which are used in packaging, construction, automotive components, consumer goods and other industrial applications.