Arkema (OTCMKTS:ARKAY) Share Price Passes Below 200 Day Moving Average – Time to Sell?

Arkema SA (OTCMKTS:ARKAY) crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $66.16 and traded as low as $65.53. Arkema shares last traded at $65.53, with a volume of 1,006 shares changing hands.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on ARKAY shares. Kepler Capital Markets downgraded Arkema from a “hold” rating to a “strong sell” rating in a research report on Thursday, May 7th. Sanford C. Bernstein raised Arkema from a “strong sell” rating to a “hold” rating in a research report on Monday, April 20th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Arkema in a research report on Thursday, April 9th. Berenberg Bank downgraded Arkema from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 20th. Finally, Zacks Research raised Arkema from a “strong sell” rating to a “hold” rating in a research report on Monday, May 4th. One analyst has rated the stock with a Buy rating, six have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, Arkema has a consensus rating of “Reduce”.

Arkema Stock Performance

The firm has a market capitalization of $5.04 billion, a price-to-earnings ratio of 265.12 and a beta of 0.84. The company has a quick ratio of 1.64, a current ratio of 2.25 and a debt-to-equity ratio of 0.53. The stock has a 50-day moving average price of $70.85 and a 200 day moving average price of $66.22.

Arkema (OTCMKTS:ARKAY) last announced its quarterly earnings data on Wednesday, May 6th. The basic materials company reported $1.01 EPS for the quarter, topping analysts’ consensus estimates of $0.91 by $0.10. Arkema had a return on equity of 4.06% and a net margin of 0.46%.The business had revenue of $2.57 billion during the quarter, compared to the consensus estimate of $2.52 billion. On average, analysts forecast that Arkema SA will post 3.89 EPS for the current 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.