Arkema (OTCMKTS:ARKAY) Stock Price Passes Below Two Hundred Day Moving Average – Time to Sell?

Arkema S.A. (OTCMKTS:ARKAY)’s share price crossed 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 trading hands.

Analyst Upgrades and Downgrades

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 2.9 %

The company has a quick ratio of 1.54, a current ratio of 2.11 and a debt-to-equity ratio of 0.48. The stock has a market capitalization of $5.60 billion, a P/E ratio of 14.72, a PEG ratio of 0.47 and a beta of 1.23. The firm’s 50-day simple moving average is $80.22 and its 200 day simple moving average is $86.95.

Arkema (OTCMKTS:ARKAY) last released its earnings results on Wednesday, November 6th. The basic materials company reported $2.45 EPS for the quarter. The business had revenue of $2.63 billion for the quarter. Arkema had a net margin of 3.82% and a return on equity of 8.04%. Equities research analysts anticipate 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.