Arkema (OTCMKTS:ARKAY) Stock Price Passes Above Fifty Day Moving Average of $103.76

Shares of Arkema S.A. (OTCMKTS:ARKAY) crossed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $103.76 and traded as high as $106.01. Arkema shares last traded at $106.01, with a volume of 860 shares changing hands.

Arkema Stock Down 3.1 %

The company’s 50-day simple moving average is $103.76 and its two-hundred day simple moving average is $103.77. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.25 and a quick ratio of 1.64. The firm has a market capitalization of $7.95 billion, a P/E ratio of 18.28, a P/E/G ratio of 0.46 and a beta of 1.35.

Arkema (OTCMKTS:ARKAY) last released its earnings results on Tuesday, May 7th. The basic materials company reported $2.00 earnings per share for the quarter. Arkema had a return on equity of 8.92% and a net margin of 4.40%. The company had revenue of $2.54 billion for the quarter. As a group, research analysts expect that Arkema S.A. will post 9.42 earnings per share for the current year.

Arkema Increases Dividend

The business also recently disclosed a dividend, which will be paid on Wednesday, June 5th. Investors of record on Thursday, May 16th will be paid a dividend of $3.7363 per share. The ex-dividend date is Wednesday, May 15th. This is an increase from Arkema’s previous dividend of $3.03. Arkema’s payout ratio is 53.45%.

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.