Arkema (OTCMKTS:ARKAY) Raised to Strong-Buy at Berenberg Bank

Berenberg Bank upgraded shares of Arkema (OTCMKTS:ARKAY) from a hold rating to a strong-buy rating in a report issued on Thursday, Zacks.com reports.

Arkema Stock Performance

Shares of OTCMKTS ARKAY opened at $87.73 on Thursday. The company’s fifty day moving average price is $91.12 and its 200 day moving average price is $93.84. Arkema has a 1 year low of $84.55 and a 1 year high of $114.15. The company has a market capitalization of $6.58 billion, a PE ratio of 17.80, a price-to-earnings-growth 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 announced its quarterly earnings results on Thursday, August 1st. The basic materials company reported $2.98 earnings per share (EPS) for the quarter. Arkema had a net margin of 3.80% and a return on equity of 8.18%. The firm had revenue of $2.73 billion for the quarter. On average, research analysts predict that Arkema will post 8.96 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.