Arkema (OTCMKTS:ARKAY) Stock Price Crosses Below 200 Day Moving Average – What’s Next?

Shares of Arkema S.A. (OTCMKTS:ARKAY) passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $84.69 and traded as low as $82.58. Arkema shares last traded at $84.62, with a volume of 6,165 shares traded.

Analyst Ratings Changes

Separately, Berenberg Bank raised shares of Arkema from a “hold” rating to a “strong-buy” rating in a research note on Thursday, October 31st.

Arkema Trading Down 2.1 %

The company’s fifty day moving average is $77.29 and its two-hundred day moving average is $84.63. The company has a market cap of $6.30 billion, a price-to-earnings ratio of 16.58, a P/E/G ratio of 0.52 and a beta of 1.22. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.54 and a current ratio of 2.11.

Arkema (OTCMKTS:ARKAY) last posted its earnings results on Wednesday, November 6th. The basic materials company reported $2.45 EPS for the quarter. The firm had revenue of $2.63 billion for the quarter. Arkema had a return on equity of 8.04% and a net margin of 3.82%. On average, research analysts anticipate that Arkema S.A. will post 8.36 EPS for the current year.

Arkema Company Profile

Arkema SA manufactures and sells specialty chemicals and advanced materials worldwide. The company operates in three segments: Adhesive Solutions, Advanced Materials and Coating Solutions, and Intermediates. The Adhesive Solutions segment provides solutions for construction, renovation of buildings, DIY, durable goods, and packaging and non-woven applications; and supplies technologies used in building activities for businesses and individuals, including sealants, tiles, flooring adhesives and waterproofing systems, and technologies used in industry, which include automotive, textiles, glazing, flexible and rigid packaging, and hygiene markets.