Arkema (OTCMKTS:ARKAY) Shares Gap Up – Here’s What Happened

Arkema SA (OTCMKTS:ARKAY) shares gapped up before the market opened on Friday . The stock had previously closed at $69.77, but opened at $72.50. Arkema shares last traded at $72.50, with a volume of 305 shares changing hands.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on ARKAY shares. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Arkema in a research note on Thursday. Zacks Research lowered Arkema from a “hold” rating to a “strong sell” rating in a research note on Tuesday, January 6th. The Goldman Sachs Group raised Arkema from a “hold” rating to a “buy” rating in a research note on Tuesday, February 10th. Finally, Kepler Capital Markets lowered Arkema from a “strong-buy” rating to a “hold” rating in a research note on Friday, February 27th. Two analysts have rated the stock with a Buy rating, three have given a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, Arkema presently has a consensus rating of “Reduce”.

Arkema Stock Up 1.9%

The company has a debt-to-equity ratio of 0.54, a current ratio of 2.13 and a quick ratio of 1.63. The firm has a 50 day simple moving average of $67.61 and a two-hundred day simple moving average of $62.93. The stock has a market cap of $5.51 billion, a price-to-earnings ratio of 83.31, a price-to-earnings-growth ratio of 1.78 and a beta of 0.84.

About Arkema

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.