Arkema (OTCMKTS:ARKAY) Stock Passes Below Fifty Day Moving Average – What’s Next?

Arkema S.A. (OTCMKTS:ARKAY) crossed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $91.21 and traded as low as $90.10. Arkema shares last traded at $90.33, with a volume of 4,798 shares trading hands.

Arkema Stock Down 1.2 %

The firm has a fifty day simple moving average of $91.21 and a 200-day simple moving average of $94.92. The company has a market capitalization of $6.78 billion, a PE ratio of 17.85, a P/E/G ratio of 0.42 and a beta of 1.27. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.38 and a current ratio of 1.86.

Arkema (OTCMKTS:ARKAY) last released its quarterly earnings results on Thursday, August 1st. The basic materials company reported $2.98 earnings per share for the quarter. The business had revenue of $2.73 billion during the quarter. Arkema had a net margin of 3.80% and a return on equity of 8.18%. Equities research analysts anticipate that Arkema S.A. will post 9.09 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.