Arkema (OTCMKTS:ARKAY) Stock Passes Below Fifty Day Moving Average – What’s Next?

Arkema SA (OTCMKTS:ARKAY)’s share price passed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $70.52 and traded as low as $64.5690. Arkema shares last traded at $64.5690, with a volume of 610 shares.

Analyst Ratings Changes

Several equities analysts have recently issued reports on ARKAY shares. The Goldman Sachs Group lowered Arkema from a “buy” rating to a “neutral” rating in a report on Monday, June 8th. Kepler Capital Markets lowered Arkema from a “hold” rating to a “strong sell” rating in a report on Thursday, May 7th. Zacks Research upgraded Arkema from a “strong sell” rating to a “hold” rating in a report on Monday, May 4th. Sanford C. Bernstein raised Arkema from a “strong sell” rating to a “hold” rating in a research report on Monday, April 20th. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Arkema in a research note on Tuesday. One investment analyst has rated the stock with a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Reduce”.

Arkema Price Performance

The firm has a market cap of $4.91 billion, a PE ratio of 258.28 and a beta of 0.84. 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 business’s fifty day moving average is $70.52 and its 200-day moving average is $66.56.

Arkema (OTCMKTS:ARKAY) last released its earnings results on Wednesday, May 6th. The basic materials company reported $1.01 earnings per share for the quarter, beating analysts’ consensus estimates of $0.91 by $0.10. Arkema had a net margin of 0.46% and a return on equity of 4.06%. The firm had revenue of $2.57 billion for the quarter, compared to analysts’ expectations of $2.52 billion. On average, research analysts predict that Arkema SA will post 3.89 earnings per share for the current fiscal 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.