Arkema (OTCMKTS:ARKAY) Shares Pass Below 200-Day Moving Average – Time to Sell?

Arkema SA (OTCMKTS:ARKAY)’s stock price passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $66.16 and traded as low as $65.53. Arkema shares last traded at $65.53, with a volume of 1,006 shares changing hands.

Wall Street Analysts Forecast Growth

ARKAY has been the topic of a number of recent analyst reports. Kepler Capital Markets downgraded Arkema from a “hold” rating to a “strong sell” rating in a research report on Thursday, May 7th. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Arkema in a report on Thursday, April 9th. Berenberg Bank cut Arkema from a “strong-buy” rating to a “hold” rating in a report on Monday, April 20th. Sanford C. Bernstein upgraded Arkema from a “strong sell” rating to a “hold” rating in a research note on Monday, April 20th. Finally, The Goldman Sachs Group cut Arkema from a “buy” rating to a “neutral” rating in a research note on Monday. One analyst has rated the stock with a Buy rating, six have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, Arkema has a consensus rating of “Reduce”.

Arkema Stock Down 1.9%

The firm’s fifty day moving average price is $70.93 and its 200-day moving average price is $66.16. The company has a market capitalization of $4.98 billion, a price-to-earnings ratio of 262.12 and a beta of 0.84. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.25 and a quick ratio of 1.64.

Arkema (OTCMKTS:ARKAY) last announced its quarterly earnings results 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. The company had revenue of $2.57 billion during the quarter, compared to the consensus estimate of $2.52 billion. Arkema had a net margin of 0.46% and a return on equity of 4.06%. Sell-side analysts expect that Arkema SA will post 3.89 earnings per share for the current fiscal year.

Arkema Company Profile

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.