Arkema (OTCMKTS:ARKAY) Shares Gap Down – Time to Sell?

Arkema SA (OTCMKTS:ARKAY)’s stock price gapped down before the market opened on Wednesday . The stock had previously closed at $64.8401, but opened at $61.09. Arkema shares last traded at $61.00, with a volume of 5,151 shares trading hands.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on ARKAY. Zacks Research cut shares of Arkema from a “hold” rating to a “strong sell” rating in a report on Tuesday, January 6th. The Goldman Sachs Group raised shares of Arkema from a “hold” rating to a “buy” rating in a research report on Tuesday, February 10th. Deutsche Bank Aktiengesellschaft cut Arkema from a “buy” rating to a “hold” rating in a research report on Monday, November 24th. Finally, Kepler Capital Markets downgraded Arkema from a “strong-buy” rating to a “hold” rating in a research note on Friday, February 27th. Two research analysts have rated the stock with a Buy rating, three have given a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Reduce”.

Arkema Trading Down 4.5%

The company has a market cap of $4.49 billion, a PE ratio of 67.84, a P/E/G ratio of 1.52 and a beta of 0.87. 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 stock’s 50 day moving average is $65.70 and its 200-day moving average is $63.18.

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.