Arkema (OTCMKTS:ARKAY) Shares Gap Up – Should You Buy?

Arkema SA (OTCMKTS:ARKAY) shares gapped up prior to trading on Tuesday . The stock had previously closed at $68.13, but opened at $76.75. Arkema shares last traded at $76.54, with a volume of 406 shares trading hands.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. The Goldman Sachs Group raised shares of Arkema from a “neutral” rating to a “buy” rating in a research note on Tuesday. Barclays lowered Arkema from a “hold” rating to a “strong sell” rating in a research report on Tuesday, November 11th. Zacks Research downgraded Arkema from a “hold” rating to a “strong sell” rating in a research report on Tuesday, January 6th. Finally, Deutsche Bank Aktiengesellschaft downgraded shares of Arkema from a “buy” rating to a “hold” rating in a report on Monday, November 24th. Two research analysts have 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, Arkema currently has a consensus rating of “Reduce”.

Arkema Trading Up 11.1%

The company has a market cap of $5.92 billion, a P/E ratio of 37.45, a P/E/G ratio of 1.38 and a beta of 0.90. The business’s 50-day moving average price is $61.26 and its 200 day moving average price is $63.67. The company has a debt-to-equity ratio of 0.55, a quick ratio of 2.26 and a current ratio of 3.07.

Arkema (OTCMKTS:ARKAY) last announced its quarterly earnings results on Friday, November 7th. The basic materials company reported $1.19 earnings per share for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $2.50 billion. As a group, analysts expect that Arkema SA will post 8.36 earnings per share for the current 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.