Arkema (OTCMKTS:ARKAY) Shares Gap Up – Should You Buy?

Arkema SA (OTCMKTS:ARKAY) shares gapped up before the market opened on Monday . The stock had previously closed at $72.45, but opened at $76.80. Arkema shares last traded at $76.80, with a volume of 173 shares changing hands.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Sanford C. Bernstein upgraded Arkema from a “strong sell” rating to a “hold” rating in a research note on Monday, April 20th. Kepler Capital Markets lowered Arkema from a “hold” rating to a “strong sell” rating in a research note on Thursday. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Arkema in a research note on Thursday, April 9th. Berenberg Bank lowered Arkema from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 20th. Finally, The Goldman Sachs Group upgraded Arkema from a “hold” rating to a “buy” rating in a research note on Tuesday, February 10th. Two research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold”.

Arkema Stock Up 3.2%

The firm has a market capitalization of $5.82 billion, a price-to-earnings ratio of 306.12 and a beta of 0.84. The company has a current ratio of 2.13, a quick ratio of 1.63 and a debt-to-equity ratio of 0.54. The firm has a fifty day moving average price of $67.95 and a 200 day moving average price of $64.26.

Arkema (OTCMKTS:ARKAY) last announced its earnings results on Wednesday, May 6th. The basic materials company reported $1.01 EPS for the quarter, topping the consensus estimate of $0.91 by $0.10. The business had revenue of $2.57 billion for the quarter, compared to the consensus estimate of $2.52 billion. Arkema had a return on equity of 4.06% and a net margin of 0.46%. Sell-side analysts anticipate that Arkema SA will post 3.79 EPS for the current fiscal 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.