Arkema (OTCMKTS:ARKAY) Stock Passes Below 200 Day Moving Average – Should You Sell?

Shares of Arkema S.A. (OTCMKTS:ARKAY) crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $87.99 and traded as low as $71.38. Arkema shares last traded at $73.12, with a volume of 15,480 shares.

Analysts Set New Price Targets

Separately, Berenberg Bank upgraded Arkema from a “hold” rating to a “strong-buy” rating in a research report on Thursday, October 31st.

Arkema Trading Down 0.5 %

The company has a debt-to-equity ratio of 0.48, a current ratio of 2.11 and a quick ratio of 1.54. The firm has a market capitalization of $5.56 billion, a PE ratio of 14.62, a price-to-earnings-growth ratio of 0.47 and a beta of 1.23. The stock’s 50-day moving average price is $82.04 and its 200 day moving average price is $87.72.

Arkema (OTCMKTS:ARKAY) last issued its earnings results on Wednesday, November 6th. The basic materials company reported $2.45 earnings per share for the quarter. The business had revenue of $2.63 billion during the quarter. Arkema had a return on equity of 8.04% and a net margin of 3.82%. On average, sell-side analysts expect that Arkema S.A. will post 9.13 EPS for the current fiscal year.

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.