Arkema (OTCMKTS:ARKAY) Stock Crosses Above 50-Day Moving Average – What’s Next?

Arkema S.A. (OTCMKTS:ARKAY)’s share price crossed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $78.06 and traded as high as $83.56. Arkema shares last traded at $83.42, with a volume of 5,730 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank upgraded Arkema from a “hold” rating to a “strong-buy” rating in a report on Thursday, October 31st.

Arkema Price Performance

The company has a market capitalization of $6.34 billion, a PE ratio of 16.68, a P/E/G ratio of 0.55 and a beta of 1.22. The stock has a 50 day moving average price of $78.06 and a two-hundred day moving average price of $84.32. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.54 and a current ratio of 2.11.

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.