Arkema (OTCMKTS:ARKAY) Sees Strong Trading Volume – Here’s What Happened

Arkema SA (OTCMKTS:ARKAY) saw unusually-strong trading volume on Tuesday . Approximately 53,193 shares were traded during mid-day trading, an increase of 225% from the previous session’s volume of 16,351 shares.The stock last traded at $60.6350 and had previously closed at $59.44.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on ARKAY shares. Citigroup restated a “buy” rating on shares of Arkema in a research report on Friday, October 3rd. Deutsche Bank Aktiengesellschaft cut Arkema from a “buy” rating to a “hold” rating in a report on Monday. Finally, Barclays cut shares of Arkema from a “hold” rating to a “strong sell” rating in a research report on Tuesday, November 11th. One equities research analyst has rated the stock with a Buy rating, two have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Reduce”.

Arkema Price Performance

The company has a current ratio of 2.73, a quick ratio of 1.92 and a debt-to-equity ratio of 0.49. The firm’s 50-day moving average price is $60.73 and its 200-day moving average price is $68.12. The stock has a market capitalization of $4.56 billion, a PE ratio of 19.35, a PEG ratio of 0.66 and a beta of 1.01.

Arkema (OTCMKTS:ARKAY) last issued its quarterly earnings data on Friday, November 7th. The basic materials company reported $1.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.98 by $0.21. The business had revenue of $2.52 billion for the quarter, compared to the consensus estimate of $2.50 billion. Arkema had a return on equity of 6.36% and a net margin of 2.41%. On average, equities analysts forecast that Arkema SA will post 8.36 EPS 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.