Arkema (OTCMKTS:ARKAY) Issues Quarterly Earnings Results

Arkema (OTCMKTS:ARKAY) released its earnings results on Thursday. The basic materials company reported $1.98 earnings per share for the quarter, beating analysts’ consensus estimates of $1.86 by $0.12, Zacks reports. Arkema had a return on equity of 4.06% and a net margin of 0.46%.

Arkema Price Performance

Arkema stock traded up $4.44 during midday trading on Thursday, reaching $70.54. The company’s stock had a trading volume of 969 shares, compared to its average volume of 3,356. The company has a current ratio of 2.25, a quick ratio of 1.64 and a debt-to-equity ratio of 0.53. The stock has a market cap of $5.37 billion, a PE ratio of 282.16 and a beta of 0.86. Arkema has a 52 week low of $56.28 and a 52 week high of $79.36. The business has a 50-day moving average price of $65.83 and a 200-day moving average price of $67.10.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on ARKAY shares. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Arkema in a research report on Tuesday, June 23rd. Sanford C. Bernstein upgraded shares of Arkema from a “strong sell” 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 report on Monday, May 4th. Kepler Capital Markets lowered shares of Arkema from a “hold” rating to a “strong sell” rating in a research report on Thursday, May 7th. Finally, Berenberg Bank cut shares of Arkema from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 20th. One investment analyst has rated the stock with a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Reduce”.

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.