Arkema (OTCMKTS:ARKAY) Share Price Passes Above Fifty Day Moving Average – Time to Sell?

Shares of Arkema SA (OTCMKTS:ARKAY) passed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $60.37 and traded as high as $60.81. Arkema shares last traded at $60.4616, with a volume of 3,563 shares changing hands.

Analyst Ratings Changes

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

Arkema Trading Down 1.9%

The firm has a 50 day moving average of $60.37 and a 200 day moving average of $64.30. The firm has a market cap of $4.60 billion, a PE ratio of 29.07, a P/E/G ratio of 1.25 and a beta of 0.91. The company has a quick ratio of 2.26, a current ratio of 3.07 and a debt-to-equity ratio of 0.55.

Arkema (OTCMKTS:ARKAY) last released 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 business had revenue of $2.52 billion during the quarter, compared to the consensus estimate of $2.50 billion. 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.