Arkema (OTCMKTS:ARKAY) Upgraded at Berenberg Bank

Berenberg Bank upgraded shares of Arkema (OTCMKTS:ARKAY) from a hold rating to a strong-buy rating in a research note issued to investors on Thursday, Zacks.com reports.

Arkema Price Performance

Shares of ARKAY traded up $0.31 during midday trading on Thursday, hitting $87.73. 7,840 shares of the company traded hands, compared to its average volume of 4,273. The stock has a market cap of $6.58 billion, a price-to-earnings ratio of 17.80, a PEG ratio of 0.42 and a beta of 1.27. The firm has a 50 day moving average of $91.12 and a 200-day moving average of $93.97. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.38 and a current ratio of 1.86. Arkema has a 52 week low of $84.55 and a 52 week high of $114.15.

Arkema (OTCMKTS:ARKAY) last released its quarterly earnings results on Thursday, August 1st. The basic materials company reported $2.98 earnings per share for the quarter. The business had revenue of $2.73 billion during the quarter. Arkema had a return on equity of 8.18% and a net margin of 3.80%. On average, analysts forecast that Arkema will post 8.96 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.