Arkema (OTCMKTS:ARKAY) Stock Crosses Below 200-Day Moving Average – Here’s What Happened

Arkema S.A. (OTCMKTS:ARKAY)’s share price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $86.95 and traded as low as $72.97. Arkema shares last traded at $73.60, with a volume of 11,076 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank raised Arkema from a “hold” rating to a “strong-buy” rating in a research report on Thursday, October 31st.

Arkema Trading Down 1.3 %

The business’s 50-day moving average price is $79.93 and its 200-day moving average price is $86.83. The firm has a market capitalization of $5.53 billion, a PE ratio of 14.53, a price-to-earnings-growth ratio of 0.47 and a beta of 1.23. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.11 and a quick ratio of 1.54.

Arkema (OTCMKTS:ARKAY) last issued its quarterly earnings data on Wednesday, November 6th. The basic materials company reported $2.45 earnings per share (EPS) for the quarter. Arkema had a net margin of 3.82% and a return on equity of 8.04%. The company had revenue of $2.63 billion for the quarter. As a group, analysts expect that Arkema S.A. will post 9.13 earnings per share for the current fiscal year.

Arkema Company Profile

Arkema SA manufactures and sells specialty chemicals and advanced materials worldwide. The company operates in three segments: Adhesive Solutions, Advanced Materials and Coating Solutions, and Intermediates. The Adhesive Solutions segment provides solutions for construction, renovation of buildings, DIY, durable goods, and packaging and non-woven applications; and supplies technologies used in building activities for businesses and individuals, including sealants, tiles, flooring adhesives and waterproofing systems, and technologies used in industry, which include automotive, textiles, glazing, flexible and rigid packaging, and hygiene markets.