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

Arkema SA (OTCMKTS:ARKAY)’s share price gapped down prior to trading on Monday . The stock had previously closed at $64.73, but opened at $61.74. Arkema shares last traded at $61.74, with a volume of 1,195 shares trading hands.

Analyst Ratings Changes

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

Arkema Stock Down 2.8%

The business has a fifty day moving average price of $67.37 and a two-hundred day moving average price of $66.98. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.25 and a quick ratio of 1.64. The firm has a market capitalization of $4.70 billion, a price-to-earnings ratio of 247.28 and a beta of 0.86.

Arkema (OTCMKTS:ARKAY) last released its earnings results on Wednesday, May 6th. The basic materials company reported $1.01 EPS for the quarter, topping analysts’ consensus estimates of $0.91 by $0.10. The firm 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%. On average, equities analysts expect that Arkema SA will post 3.48 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.