Arkema (OTCMKTS:ARKAY) Share Price Crosses Below Fifty Day Moving Average – What’s Next?

Arkema SA (OTCMKTS:ARKAY)’s stock price crossed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $68.73 and traded as low as $61.75. Arkema shares last traded at $62.50, with a volume of 1,329 shares changing hands.

Analysts Set New Price Targets

ARKAY has been the topic of a number of analyst reports. Sanford C. Bernstein raised Arkema from a “strong sell” rating to a “hold” rating in a research report on Monday, April 20th. Zacks Research raised Arkema from a “strong sell” rating to a “hold” rating in a research report on Monday, May 4th. Kepler Capital Markets cut Arkema from a “hold” rating to a “strong sell” rating in a research note on Thursday, May 7th. The Goldman Sachs Group downgraded shares of Arkema from a “buy” rating to a “neutral” rating in a research report on Monday, June 8th. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Arkema in a research note on Tuesday, June 23rd. One equities research analyst has rated the stock with a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, Arkema presently has an average rating of “Reduce”.

Arkema Trading Down 0.7%

The stock has a market cap of $4.75 billion, a P/E ratio of 250.00 and a beta of 0.86. The firm’s 50 day simple moving average is $68.73 and its two-hundred day simple moving average is $66.82. The company has a quick ratio of 1.64, a current ratio of 2.25 and a debt-to-equity ratio of 0.53.

Arkema (OTCMKTS:ARKAY) last posted its quarterly earnings results on Wednesday, May 6th. The basic materials company reported $1.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.91 by $0.10. Arkema had a net margin of 0.46% and a return on equity of 4.06%. The company had revenue of $2.57 billion for the quarter, compared to the consensus estimate of $2.52 billion. As a group, equities research analysts predict that Arkema SA will post 3.48 earnings per share for the current fiscal year.

About Arkema

Arkema SA is a global specialty chemicals and advanced materials company headquartered in Colombes, France. Established in 2004 as a spin-off from Total’s chemicals division, the company offers a broad portfolio of high-performance materials designed to improve durability, thermal and chemical resistance, and environmental performance across diverse industries.

Arkema’s operations are organized into four core segments. Adhesive Solutions delivers bonding, sealing, and coating technologies for markets such as packaging, medical devices, and consumer goods.