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

Arkema SA (OTCMKTS:ARKAY) shares gapped up prior to trading on Tuesday . The stock had previously closed at $68.13, but opened at $76.75. Arkema shares last traded at $76.54, with a volume of 406 shares changing hands.

Wall Street Analyst Weigh In

ARKAY has been the topic of several recent research reports. Deutsche Bank Aktiengesellschaft cut shares of Arkema from a “buy” rating to a “hold” rating in a report on Monday, November 24th. Zacks Research lowered Arkema from a “hold” rating to a “strong sell” rating in a research note on Tuesday, January 6th. The Goldman Sachs Group raised Arkema from a “neutral” rating to a “buy” rating in a report on Tuesday. Finally, Barclays lowered Arkema from a “hold” rating to a “strong sell” rating in a report on Tuesday, November 11th. Two analysts have rated the stock with a Buy rating, two have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Arkema currently has a consensus rating of “Reduce”.

Arkema Stock Performance

The stock has a market cap of $5.92 billion, a price-to-earnings ratio of 37.45, a P/E/G ratio of 1.38 and a beta of 0.90. The company has a quick ratio of 2.26, a current ratio of 3.07 and a debt-to-equity ratio of 0.55. The company has a 50 day simple moving average of $61.26 and a 200 day simple moving average of $63.67.

Arkema (OTCMKTS:ARKAY) last announced its quarterly earnings results 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 company had revenue of $2.52 billion for the quarter, compared to analyst estimates of $2.50 billion. Arkema had a net margin of 1.55% and a return on equity of 5.15%. As a group, equities research analysts forecast that Arkema SA will post 8.36 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.