Arkema (OTCMKTS:ARKAY) Reaches New 12-Month Low – Here’s What Happened

Arkema S.A. (OTCMKTS:ARKAY) shares hit a new 52-week low on Wednesday . The company traded as low as $79.20 and last traded at $79.90, with a volume of 14058 shares changing hands. The stock had previously closed at $80.86.

Analysts Set New Price Targets

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

Arkema Stock Down 0.4 %

The firm has a market cap of $5.94 billion, a price-to-earnings ratio of 15.69, a PEG ratio of 0.47 and a beta of 1.27. The business has a fifty day simple moving average of $89.27 and a 200 day simple moving average of $92.02. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.86 and a quick ratio of 1.38.

Arkema (OTCMKTS:ARKAY) last posted 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 for the quarter. Arkema had a net margin of 3.82% and a return on equity of 7.99%. As a group, equities analysts forecast that Arkema S.A. will post 9.05 EPS for the current fiscal year.

About Arkema

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.