Arkema (OTCMKTS:ARKAY) Stock Price Passes Below 200-Day Moving Average – Here’s Why

Shares of Arkema S.A. (OTCMKTS:ARKAY) crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $84.69 and traded as low as $82.58. Arkema shares last traded at $84.62, with a volume of 6,165 shares traded.

Analysts Set New Price Targets

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

Arkema Stock Up 5.7 %

The company has a debt-to-equity ratio of 0.48, a current ratio of 2.11 and a quick ratio of 1.54. The company has a market capitalization of $6.44 billion, a price-to-earnings ratio of 16.92, a PEG ratio of 0.49 and a beta of 1.22. The firm has a 50-day moving average price of $77.09 and a two-hundred day moving average price of $84.69.

Arkema (OTCMKTS:ARKAY) last released its quarterly earnings results on Wednesday, November 6th. The basic materials company reported $2.45 earnings per share for the quarter. The firm had revenue of $2.63 billion during the quarter. Arkema had a return on equity of 8.04% and a net margin of 3.82%. As a group, sell-side analysts anticipate that Arkema S.A. will post 8.36 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.