Arkema (OTCMKTS:ARKAY) Stock Price Crosses Above 50 Day Moving Average – Should You Sell?

by · The Cerbat Gem

Arkema SA (OTCMKTS:ARKAY – Get Free Report) shares passed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $60.37 and traded as high as $62.2650. Arkema shares last traded at $61.61, with a volume of 7,410 shares changing hands.

Analyst Upgrades and Downgrades

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

View Our Latest Analysis on ARKAY

Arkema Trading Down 4.5%

The firm has a market cap of $4.47 billion, a P/E ratio of 28.27, a PEG ratio of 1.12 and a beta of 0.91. The company has a 50 day moving average of $60.35 and a 200 day moving average of $65.12. The company has a debt-to-equity ratio of 0.55, a quick ratio of 2.26 and a current ratio of 3.07.

Arkema (OTCMKTS:ARKAY – Get Free Report) last posted its earnings results on Friday, November 7th. The basic materials company reported $1.19 EPS for the quarter, topping the consensus estimate of $0.98 by $0.21. The company had revenue of $2.52 billion during the quarter, compared to the consensus estimate of $2.50 billion. Arkema had a net margin of 1.55% and a return on equity of 5.15%. Analysts predict that Arkema SA will post 8.36 EPS for the current fiscal year.

About Arkema

(Get Free Report)

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.

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