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

Shares of Arkema SA (OTCMKTS:ARKAY) gapped down prior to trading on Friday . The stock had previously closed at $61.61, but opened at $58.95. Arkema shares last traded at $58.68, with a volume of 1,142 shares traded.

Analyst Ratings Changes

Several analysts have weighed in on ARKAY shares. Deutsche Bank Aktiengesellschaft lowered Arkema from a “buy” rating to a “hold” rating in a report on Monday, November 24th. Zacks Research lowered shares of Arkema from a “hold” rating to a “strong sell” rating in a research report on Tuesday, January 6th. Citigroup reissued a “buy” rating on shares of Arkema in a report on Friday, October 3rd. Finally, Barclays downgraded shares of Arkema from a “hold” rating to a “strong sell” rating in a report on Tuesday, November 11th. One analyst has rated the stock with a Buy rating, two have assigned a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Reduce”.

Arkema Price Performance

The company has a debt-to-equity ratio of 0.55, a current ratio of 3.07 and a quick ratio of 2.26. The stock has a market capitalization of $4.47 billion, a P/E ratio of 28.24, a PEG ratio of 1.16 and a beta of 0.91. The stock’s fifty day moving average is $60.37 and its 200-day moving average is $65.29.

Arkema (OTCMKTS:ARKAY) last announced its earnings results on Friday, November 7th. The basic materials company reported $1.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.98 by $0.21. Arkema had a return on equity of 5.15% and a net margin of 1.55%.The firm had revenue of $2.52 billion during the quarter, compared to analysts’ expectations of $2.50 billion. On average, equities analysts anticipate that Arkema SA will post 8.36 earnings per share 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.