Arkema (OTCMKTS:ARKAY) Sees Strong Trading Volume – Should You Buy?

Shares of Arkema SA (OTCMKTS:ARKAY) saw unusually-strong trading volume on Monday . Approximately 84,566 shares were traded during trading, an increase of 438% from the previous session’s volume of 15,719 shares.The stock last traded at $58.14 and had previously closed at $60.60.

Analyst Upgrades and Downgrades

ARKAY has been the topic of several recent research reports. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Arkema in a research report on Monday, September 8th. Barclays downgraded shares of Arkema from a “hold” rating to a “strong sell” rating in a research report on Tuesday, November 11th. Finally, Citigroup reaffirmed a “buy” rating on shares of Arkema in a research report on Friday, October 3rd. Two research analysts have rated the stock with a Buy rating, one has given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold”.

Arkema Price Performance

The stock’s 50-day simple moving average is $62.41 and its 200 day simple moving average is $68.99. The company has a market cap of $4.40 billion, a price-to-earnings ratio of 18.66, a PEG ratio of 0.66 and a beta of 1.01. The company has a quick ratio of 1.92, a current ratio of 2.73 and a debt-to-equity ratio of 0.49.

Arkema (OTCMKTS:ARKAY) last announced its quarterly earnings results on Friday, November 7th. The basic materials company reported $1.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.98 by $0.21. Arkema had a return on equity of 6.36% and a net margin of 2.41%.The company had revenue of $2.52 billion during the quarter, compared to the consensus estimate of $2.50 billion. On average, equities research analysts anticipate that Arkema SA will post 8.36 EPS for the current fiscal year.

About Arkema

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.