Arkema (OTCMKTS:ARKAY) Shares Pass Below 200-Day Moving Average – Here’s What Happened

Arkema S.A. (OTCMKTS:ARKAY) crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred 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 trading hands.

Analyst Ratings Changes

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

Arkema Price Performance

The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.54 and a current ratio of 2.11. The firm has a market cap 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 has a 50 day simple moving average of $82.75 and a two-hundred day simple moving average of $87.99.

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