Arkema (OTCMKTS:ARKAY) Sees Large Volume Increase – Here’s What Happened

Arkema SA (OTCMKTS:ARKAY) saw an uptick in trading volume on Friday. Approximately 3,960 shares were traded during mid-day trading, an increase of 43% from the previous session’s volume of 2,763 shares. The stock last traded at $63.14 and had previously closed at $63.40.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on ARKAY shares. Barclays upgraded shares of Arkema from a “strong sell” rating to a “hold” rating in a report on Wednesday, August 12th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Arkema in a research note on Tuesday, June 23rd. Six investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Reduce”.

Arkema Trading Down 0.4%

The company has a current ratio of 1.52, a quick ratio of 1.08 and a debt-to-equity ratio of 0.42. The stock has a 50-day simple moving average of $66.63 and a 200 day simple moving average of $67.74. The company has a market cap of $4.80 billion, a price-to-earnings ratio of 217.72 and a beta of 0.88.

Arkema (OTCMKTS:ARKAY) last announced its quarterly earnings data on Thursday, July 30th. The basic materials company reported $1.98 earnings per share for the quarter, beating analysts’ consensus estimates of $1.86 by $0.12. Arkema had a return on equity of 4.30% and a net margin of 0.67%. The business had revenue of $2.79 billion for the quarter, compared to analyst estimates of $2.86 billion. As a group, equities research analysts predict that Arkema SA will post 3.73 EPS for the current fiscal year.

Arkema Company Profile

Arkema is a France-based specialty materials company that develops and manufactures materials used in a broad range of industrial and consumer applications. Its portfolio includes high-performance polymers, adhesives, coating materials, additives and specialty chemical intermediates.

The company’s businesses serve markets such as construction, automotive, electronics, renewable energy, consumer goods, packaging and healthcare. Arkema’s brands and product lines include Bostik adhesives, Kynar fluoropolymers, Rilsan polyamide materials, Pebax elastomers and Sartomer specialty resins and additives.

Arkema was established in 2004 through the reorganization of Total’s chemicals businesses and became an independent, publicly traded company in 2006.