Arkema (OTCMKTS:ARKAY) Stock Crosses Below Fifty Day Moving Average – Here’s Why

Arkema SA (OTCMKTS:ARKAY)’s stock price crossed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $68.73 and traded as low as $61.75. Arkema shares last traded at $62.50, with a volume of 1,329 shares.

Analyst Ratings Changes

A number of brokerages have issued reports on ARKAY. Berenberg Bank lowered Arkema from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 20th. Zacks Research raised shares of Arkema from a “strong sell” rating to a “hold” rating in a research note on Monday, May 4th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Arkema in a report on Tuesday, June 23rd. Kepler Capital Markets cut Arkema from a “hold” rating to a “strong sell” rating in a research note on Thursday, May 7th. Finally, The Goldman Sachs Group lowered shares of Arkema from a “buy” rating to a “neutral” rating in a research note on Monday, June 8th. One research analyst has rated the stock with a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Reduce”.

Arkema Trading Up 0.8%

The company has a market cap of $4.73 billion, a price-to-earnings ratio of 248.78 and a beta of 0.86. The company has a quick ratio of 1.64, a current ratio of 2.25 and a debt-to-equity ratio of 0.53. The business’s fifty day simple moving average is $68.31 and its two-hundred day simple moving average is $66.80.

Arkema (OTCMKTS:ARKAY) last issued its quarterly earnings data 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. Arkema had a return on equity of 4.06% and a net margin of 0.46%.The company had revenue of $2.57 billion for the quarter, compared to analyst estimates of $2.52 billion. On average, equities analysts predict that Arkema SA will post 3.48 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.