Arkema (OTCMKTS:ARKAY) Shares Gap Down – Here’s Why

Arkema SA (OTCMKTS:ARKAY) gapped down prior to trading on Thursday . The stock had previously closed at $71.00, but opened at $66.77. Arkema shares last traded at $66.77, with a volume of 1,173 shares changing hands.

Analyst Ratings Changes

A number of research analysts recently commented on ARKAY shares. Kepler Capital Markets downgraded shares of Arkema from a “hold” rating to a “strong sell” rating in a research report on Thursday, May 7th. The Goldman Sachs Group raised shares of Arkema from a “hold” rating to a “buy” rating in a research report on Tuesday, February 10th. Zacks Research raised shares of Arkema from a “strong sell” rating to a “hold” rating in a research report on Monday, May 4th. Sanford C. Bernstein raised shares of Arkema from a “strong sell” rating to a “hold” rating in a research report on Monday, April 20th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Arkema in a research report on Thursday, April 9th. Two analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, Arkema currently has a consensus rating of “Hold”.

Arkema Price Performance

The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.63 and a current ratio of 2.25. The company has a market capitalization of $5.20 billion, a PE ratio of 273.36 and a beta of 0.84. The company’s 50-day simple moving average is $69.26 and its 200-day simple moving average is $65.13.

Arkema (OTCMKTS:ARKAY) last issued its quarterly earnings data on Wednesday, May 6th. The basic materials company reported $1.01 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.91 by $0.10. Arkema had a net margin of 0.46% and a return on equity of 4.06%. The company had revenue of $2.57 billion for the quarter, compared to the consensus estimate of $2.52 billion. As a group, sell-side analysts anticipate that Arkema SA will post 3.5 earnings per share for the current year.

About Arkema

Arkema SA is a global specialty chemicals and advanced materials company headquartered in Colombes, France. Established in 2004 as a spin-off from Total’s chemicals division, the company offers a broad portfolio of high-performance materials designed to improve durability, thermal and chemical resistance, and environmental performance across diverse industries.

Arkema’s operations are organized into four core segments. Adhesive Solutions delivers bonding, sealing, and coating technologies for markets such as packaging, medical devices, and consumer goods.