Arkema (OTCMKTS:ARKAY) Stock Passes Above 50 Day Moving Average – What’s Next?

Arkema SA (OTCMKTS:ARKAY)’s share price crossed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $69.05 and traded as high as $71.03. Arkema shares last traded at $71.00, with a volume of 914 shares changing hands.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on ARKAY. Berenberg Bank downgraded Arkema from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 20th. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Arkema in a research report on Thursday, April 9th. Kepler Capital Markets downgraded Arkema from a “hold” rating to a “strong sell” rating in a research report on Thursday, May 7th. The Goldman Sachs Group upgraded Arkema from a “hold” rating to a “buy” rating in a research report on Tuesday, February 10th. Finally, Sanford C. Bernstein upgraded Arkema from a “strong sell” rating to a “hold” rating in a research report on Monday, April 20th. Two equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold”.

Arkema Stock Down 0.3%

The company has a quick ratio of 1.63, a current ratio of 2.25 and a debt-to-equity ratio of 0.53. The firm has a market capitalization of $5.20 billion, a PE ratio of 273.36 and a beta of 0.84. The business has a 50-day moving average price of $69.26 and a 200-day moving average price of $65.13.

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. The firm 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%. Equities research analysts forecast that Arkema SA will post 3.5 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.