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

Arkema SA (OTCMKTS:ARKAY) gapped down prior to trading on Monday . The stock had previously closed at $64.73, but opened at $61.74. Arkema shares last traded at $61.74, with a volume of 1,195 shares trading hands.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. Berenberg Bank lowered shares of Arkema from a “strong-buy” rating to a “hold” rating in a report on Monday, April 20th. Sanford C. Bernstein raised shares of Arkema from a “strong sell” rating to a “hold” rating in a report on Monday, April 20th. Kepler Capital Markets lowered shares of Arkema from a “hold” rating to a “strong sell” rating in a research report on Thursday, May 7th. The Goldman Sachs Group cut shares of Arkema from a “buy” rating to a “neutral” rating in a research note on Monday, June 8th. Finally, Zacks Research raised shares of Arkema from a “strong sell” rating to a “hold” rating in a research report on Monday, May 4th. One equities research analyst has rated the stock with a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, Arkema presently has a consensus rating of “Reduce”.

Arkema Trading Up 0.9%

The company’s 50-day moving average is $66.84 and its 200-day moving average is $66.99. The firm has a market cap of $4.74 billion, a price-to-earnings ratio of 249.14 and a beta of 0.86. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.64 and a current ratio of 2.25.

Arkema (OTCMKTS:ARKAY) last posted its quarterly earnings data on Wednesday, May 6th. The basic materials company reported $1.01 earnings per share for the quarter, beating 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 firm had revenue of $2.57 billion during the quarter, compared to analysts’ expectations of $2.52 billion. On average, research analysts predict that Arkema SA will post 3.48 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.