Arkema SA (OTCMKTS:ARKAY) Stock Now Rated “Reduce” by Wall Street Analysts

Shares of Arkema SA (OTCMKTS:ARKAY) have received an average recommendation of “Reduce” from the seven ratings firms that are covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell rating and six have given a hold rating to the company.

Several equities analysts have issued reports on the stock. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Arkema in a research note on Tuesday, June 23rd. Barclays upgraded shares of Arkema from a “strong sell” rating to a “hold” rating in a research note on Wednesday, August 12th.

Arkema Stock Down 0.3%

ARKAY opened at $61.28 on Tuesday. The business has a 50 day moving average price of $67.48 and a two-hundred day moving average price of $67.81. The company has a quick ratio of 1.08, a current ratio of 1.52 and a debt-to-equity ratio of 0.42. The company has a market cap of $4.66 billion, a PE ratio of 211.32 and a beta of 0.88. Arkema has a 52 week low of $56.28 and a 52 week high of $79.36.

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