Arkema (OTCMKTS:ARKAY) Releases Quarterly Earnings Results

Arkema (OTCMKTS:ARKAY) issued its quarterly earnings data on Thursday. The basic materials company reported $1.35 earnings per share for the quarter, Zacks reports. Arkema had a return on equity of 8.04% and a net margin of 3.82%.

Arkema Stock Up 1.4 %

Shares of OTCMKTS:ARKAY traded up $1.23 during trading on Thursday, hitting $87.19. The company’s stock had a trading volume of 1,633 shares, compared to its average volume of 15,106. Arkema has a fifty-two week low of $71.26 and a fifty-two week high of $111.79. The business has a 50 day moving average price of $78.92 and a two-hundred day moving average price of $84.30. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.54 and a current ratio of 2.11. The company has a market capitalization of $6.63 billion, a PE ratio of 17.44, a P/E/G ratio of 0.53 and a beta of 1.22.

Wall Street Analysts Forecast Growth

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 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.