Arkema (OTCMKTS:ARKAY) Shares Gap Down – Should You Sell?

Shares of Arkema SA (OTCMKTS:ARKAY) gapped down before the market opened on Friday . The stock had previously closed at $61.61, but opened at $58.95. Arkema shares last traded at $58.68, with a volume of 1,142 shares.

Analysts Set New Price Targets

Several brokerages have issued reports on ARKAY. Citigroup reissued a “buy” rating on shares of Arkema in a research note on Friday, October 3rd. Barclays downgraded Arkema from a “hold” rating to a “strong sell” rating in a research report on Tuesday, November 11th. Deutsche Bank Aktiengesellschaft downgraded Arkema from a “buy” rating to a “hold” rating in a research report on Monday, November 24th. Finally, Zacks Research cut shares of Arkema from a “hold” rating to a “strong sell” rating in a report on Tuesday, January 6th. One research analyst has rated the stock with a Buy rating, two have assigned a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Reduce”.

Arkema Stock Down 4.5%

The company has a quick ratio of 2.26, a current ratio of 3.07 and a debt-to-equity ratio of 0.55. The company has a market cap of $4.47 billion, a P/E ratio of 28.27, a P/E/G ratio of 1.12 and a beta of 0.91. The business’s 50 day moving average is $60.35 and its 200 day moving average is $65.12.

Arkema (OTCMKTS:ARKAY) last released its quarterly earnings results on Friday, November 7th. The basic materials company reported $1.19 EPS for the quarter, topping the consensus estimate of $0.98 by $0.21. Arkema had a return on equity of 5.15% and a net margin of 1.55%.The firm had revenue of $2.52 billion during the quarter, compared to analyst estimates of $2.50 billion. As a group, equities analysts anticipate that Arkema SA will post 8.36 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.