Arkema (OTCMKTS:ARKAY) Shares Gap Up – Here’s Why

Arkema SA (OTCMKTS:ARKAY)’s stock price gapped up prior to trading on Thursday . The stock had previously closed at $59.9410, but opened at $61.93. Arkema shares last traded at $61.8950, with a volume of 16,024 shares traded.

Analyst Ratings Changes

Several analysts have commented on ARKAY shares. Deutsche Bank Aktiengesellschaft cut shares of Arkema from a “buy” rating to a “hold” rating in a research note on Monday, November 24th. Citigroup reaffirmed a “buy” rating on shares of Arkema in a report on Friday, October 3rd. Barclays lowered Arkema from a “hold” rating to a “strong sell” rating in a research note on Tuesday, November 11th. Finally, Zacks Research raised Arkema from a “strong sell” rating to a “hold” rating in a report on Monday. One investment analyst has rated the stock with a Buy rating, three have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, Arkema has a consensus rating of “Reduce”.

Arkema Stock Performance

The company has a market capitalization of $4.76 billion, a price-to-earnings ratio of 30.11, a price-to-earnings-growth ratio of 1.10 and a beta of 0.90. The firm has a fifty day simple moving average of $59.75 and a 200 day simple moving average of $67.03. The company has a debt-to-equity ratio of 0.55, a current ratio of 3.07 and a quick ratio of 2.26.

Arkema (OTCMKTS:ARKAY) last posted its quarterly earnings data on Friday, November 7th. The basic materials company reported $1.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.98 by $0.21. The business had revenue of $2.52 billion for the quarter, compared to the consensus estimate of $2.50 billion. Arkema had a net margin of 1.55% and a return on equity of 5.15%. On average, analysts anticipate that Arkema SA will post 8.36 earnings per share for the current fiscal year.

Arkema Company Profile

Arkema SA manufactures and sells specialty chemicals and advanced materials worldwide. The company operates in three segments: Adhesive Solutions, Advanced Materials and Coating Solutions, and Intermediates. The Adhesive Solutions segment provides solutions for construction, renovation of buildings, DIY, durable goods, and packaging and non-woven applications; and supplies technologies used in building activities for businesses and individuals, including sealants, tiles, flooring adhesives and waterproofing systems, and technologies used in industry, which include automotive, textiles, glazing, flexible and rigid packaging, and hygiene markets.