Arkema (OTCMKTS:ARKAY) Share Price Passes Below 200 Day Moving Average – Here’s What Happened

Arkema S.A. (OTCMKTS:ARKAY) passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $86.95 and traded as low as $72.97. Arkema shares last traded at $73.60, with a volume of 11,076 shares traded.

Analyst Ratings Changes

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

Arkema Price Performance

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 stock has a market capitalization of $5.60 billion, a price-to-earnings ratio of 14.72, a price-to-earnings-growth ratio of 0.47 and a beta of 1.23. The company has a 50-day simple moving average of $80.22 and a two-hundred day simple moving average of $86.95.

Arkema (OTCMKTS:ARKAY) last issued its quarterly earnings data on Wednesday, November 6th. The basic materials company reported $2.45 earnings per share for the quarter. Arkema had a net margin of 3.82% and a return on equity of 8.04%. The firm had revenue of $2.63 billion for the quarter. On average, equities research analysts predict that Arkema S.A. will post 9.13 earnings per share for the current 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.