Arkema (OTCMKTS:ARKAY) Stock Price Passes Below 200-Day Moving Average – Here’s Why

Arkema SA (OTCMKTS:ARKAY) passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $73.80 and traded as low as $65.83. Arkema shares last traded at $66.27, with a volume of 12,064 shares changing hands.

Analysts Set New Price Targets

Several analysts have recently issued reports on ARKAY shares. Citigroup restated a “buy” rating on shares of Arkema in a research report on Friday, July 11th. Barclays cut shares of Arkema from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 8th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Arkema in a research report on Monday, September 8th. Finally, Jefferies Financial Group cut shares of Arkema to a “hold” rating in a research report on Monday, June 16th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy”.

Arkema Price Performance

The company has a current ratio of 2.43, a quick ratio of 1.64 and a debt-to-equity ratio of 0.48. The company has a market capitalization of $5.04 billion, a PE ratio of 21.38, a price-to-earnings-growth ratio of 0.62 and a beta of 1.04. The stock’s 50-day moving average is $71.27 and its two-hundred day moving average is $73.80.

Arkema (OTCMKTS:ARKAY) last posted its quarterly earnings data on Thursday, July 31st. The basic materials company reported $1.77 earnings per share for the quarter, missing analysts’ consensus estimates of $2.09 by ($0.32). Arkema had a return on equity of 6.41% and a net margin of 2.41%.The firm had revenue of $2.75 billion during the quarter, compared to analysts’ expectations of $2.29 billion. On average, equities analysts predict that Arkema SA will post 8.36 EPS for the current year.

About Arkema

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.