Arkema (OTCMKTS:ARKAY) Cut to “Strong Sell” at Zacks Research

Zacks Research cut shares of Arkema (OTCMKTS:ARKAY) from a hold rating to a strong sell rating in a report released on Tuesday morning,Zacks.com reports.

Several other research firms have also weighed in on ARKAY. Barclays lowered Arkema from a “hold” rating to a “strong sell” rating in a research report on Tuesday, November 11th. Citigroup reaffirmed a “buy” rating on shares of Arkema in a report on Friday, October 3rd. Finally, Deutsche Bank Aktiengesellschaft downgraded Arkema from a “buy” rating to a “hold” rating in a research 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.com, Arkema currently has an average rating of “Reduce”.

Arkema Trading Down 0.2%

Shares of Arkema stock opened at $60.97 on Tuesday. The stock has a market cap of $4.64 billion, a P/E ratio of 29.31, a P/E/G ratio of 1.00 and a beta of 0.91. The company has a quick ratio of 2.26, a current ratio of 3.07 and a debt-to-equity ratio of 0.55. Arkema has a 12-month low of $56.28 and a 12-month high of $91.51. The business’s 50 day moving average is $60.00 and its 200-day moving average is $65.68.

Arkema (OTCMKTS:ARKAY) last issued its earnings results on Friday, November 7th. The basic materials company reported $1.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.98 by $0.21. The company had revenue of $2.52 billion for the quarter, compared to analysts’ expectations of $2.50 billion. Arkema had a net margin of 1.55% and a return on equity of 5.15%. Equities research analysts predict that Arkema will post 8.36 earnings per share for the current fiscal year.

Arkema Company Profile

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.