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 traded.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on ARKAY shares. Zacks Research raised Arkema from a “strong sell” rating to a “hold” rating in a research report on Monday, May 4th. Sanford C. Bernstein raised Arkema from a “strong sell” rating to a “hold” rating in a research report on Monday, April 20th. The Goldman Sachs Group raised Arkema from a “hold” rating to a “buy” rating in a research report on Tuesday, February 10th. Berenberg Bank cut Arkema from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 20th. Finally, Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Arkema in a research report on Thursday, April 9th. Two equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold”.

Arkema Stock Up 3.2%

The company has a market cap of $5.82 billion, a price-to-earnings ratio of 306.12 and a beta of 0.84. The business has a 50-day simple moving average of $67.95 and a two-hundred day simple moving average of $64.26. The company has a quick ratio of 1.63, a current ratio of 2.13 and a debt-to-equity ratio of 0.54.

Arkema (OTCMKTS:ARKAY) last released its quarterly earnings results on Wednesday, May 6th. The basic materials company reported $1.01 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.91 by $0.10. The company had revenue of $2.57 billion during 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%. As a group, equities analysts forecast that Arkema SA will post 3.79 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.