Arkema (OTCMKTS:ARKAY) Shares Gap Down – Should You Sell?

Arkema SA (OTCMKTS:ARKAY)’s stock price gapped down prior to trading on Monday . The stock had previously closed at $64.79, but opened at $60.68. Arkema shares last traded at $60.46, with a volume of 695 shares trading hands.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on ARKAY shares. Deutsche Bank Aktiengesellschaft cut shares of Arkema from a “buy” rating to a “hold” rating in a research note on Monday, November 24th. Zacks Research cut Arkema from a “hold” rating to a “strong sell” rating in a report on Tuesday, January 6th. Kepler Capital Markets downgraded Arkema from a “strong-buy” rating to a “hold” rating in a research report on Friday, February 27th. The Goldman Sachs Group raised Arkema from a “hold” rating to a “buy” rating in a research note on Tuesday, February 10th. Finally, Barclays lowered Arkema from a “hold” rating to a “strong sell” rating in a research note on Tuesday, November 11th. Two research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, Arkema presently has an average rating of “Reduce”.

Arkema Stock Performance

The stock has a market cap of $4.63 billion, a price-to-earnings ratio of 69.91, a P/E/G ratio of 1.50 and a beta of 0.87. The company has a current ratio of 3.07, a quick ratio of 2.26 and a debt-to-equity ratio of 0.55. The firm has a fifty day simple moving average of $65.48 and a 200-day simple moving average of $63.69.

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.