Arkema (OTCMKTS:ARKAY) Shares Pass Above 50-Day Moving Average – What’s Next?

Arkema SA (OTCMKTS:ARKAY)’s share price passed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $66.46 and traded as high as $69.4265. Arkema shares last traded at $69.4265, with a volume of 784 shares changing hands.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on ARKAY shares. Barclays upgraded shares of Arkema from a “strong sell” rating to a “hold” rating in a research report on Wednesday, August 12th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Arkema in a research report on Tuesday, June 23rd. Kepler Capital Markets lowered Arkema from a “hold” rating to a “strong sell” rating in a research report on Thursday, May 7th. The Goldman Sachs Group cut Arkema from a “buy” rating to a “neutral” rating in a research note on Monday, June 8th. Finally, Zacks Research upgraded 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 one has issued a Sell rating to the stock. According to MarketBeat, Arkema has an average rating of “Hold”.

Arkema Stock Performance

The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.64 and a current ratio of 2.25. The stock has a fifty day simple moving average of $66.48 and a two-hundred day simple moving average of $68.37. The stock has a market capitalization of $5.20 billion, a price-to-earnings ratio of 235.66 and a beta of 0.85.

Arkema (OTCMKTS:ARKAY) last announced its quarterly earnings data on Thursday, July 30th. The basic materials company reported $1.98 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.86 by $0.12. Arkema had a return on equity of 4.27% 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. Analysts forecast that Arkema SA will post 3.68 earnings per share for the current fiscal year.

Arkema Company Profile

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.