Arkema (OTCMKTS:ARKAY) Stock Price Passes Above Fifty Day Moving Average – Here’s What Happened

Shares of Arkema SA (OTCMKTS:ARKAY) crossed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $63.31 and traded as high as $74.3570. Arkema shares last traded at $74.33, with a volume of 2,533 shares changing hands.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. Deutsche Bank Aktiengesellschaft cut shares of Arkema from a “buy” rating to a “hold” rating in a research report on Monday, November 24th. The Goldman Sachs Group upgraded shares of Arkema from a “hold” rating to a “buy” rating in a report on Tuesday, February 10th. Barclays downgraded Arkema from a “hold” rating to a “strong sell” rating in a research note on Tuesday, November 11th. Finally, Zacks Research lowered Arkema from a “hold” rating to a “strong sell” rating in a research report on Tuesday, January 6th. Two research analysts have rated the stock with a Buy rating, two have issued a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, Arkema has an average rating of “Reduce”.

Arkema Stock Down 2.0%

The company has a 50-day moving average of $63.31 and a two-hundred day moving average of $63.87. The company has a debt-to-equity ratio of 0.55, a current ratio of 3.07 and a quick ratio of 2.26. The company has a market capitalization of $5.65 billion, a PE ratio of 35.74, a P/E/G ratio of 1.54 and a beta of 0.90.

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.