Separately, Zacks Investment Research lowered shares of Banco Bradesco from a hold rating to a sell rating in a research note on Tuesday, October 29th.
Shares of BAK traded down $0.04 during trading hours on Friday, reaching $15.00. The stock had a trading volume of 268,896 shares, compared to its average volume of 298,533. The company has a quick ratio of 0.46, a current ratio of 0.79 and a debt-to-equity ratio of 3.58. Banco Bradesco has a 52 week low of $12.31 and a 52 week high of $30.38. The stock has a market cap of $5.94 billion, a P/E ratio of 7.61 and a beta of 1.06.
About Banco Bradesco
Braskem SA, together with its subsidiaries, produces and sells thermoplastic resins. The company operates through five segments: Chemicals, Polyolefins, United States and Europe, Mexico, Vinyls. The Chemicals segment produces and sells ethylene, propylene butadiene, toluene, xylene, cumene, and benzene, as well as gasoline, diesel and liquefied petroleum gas, and other petroleum derivatives; and supplies electric energy, steam, compressed air, and other inputs to second-generation producers.
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