Arkema (OTCMKTS:ARKAY) Shares Gap Down – Here’s Why

Arkema SA (OTCMKTS:ARKAY)’s stock price gapped down before the market opened on Wednesday . The stock had previously closed at $64.8401, but opened at $61.09. Arkema shares last traded at $61.00, with a volume of 5,151 shares traded.

Wall Street Analyst Weigh In

Several research firms recently issued reports on ARKAY. Zacks Research downgraded shares of Arkema from a “hold” rating to a “strong sell” rating in a research report on Tuesday, January 6th. Kepler Capital Markets cut shares of Arkema from a “strong-buy” rating to a “hold” rating in a report on Friday, February 27th. Deutsche Bank Aktiengesellschaft lowered shares of Arkema from a “buy” rating to a “hold” rating in a report on Monday, November 24th. Finally, The Goldman Sachs Group upgraded Arkema from a “hold” rating to a “buy” rating in a research note on Tuesday, February 10th. Two equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, Arkema presently has an average rating of “Reduce”.

Arkema Trading Down 5.7%

The company has a debt-to-equity ratio of 0.55, a quick ratio of 2.26 and a current ratio of 3.07. The firm has a 50 day simple moving average of $65.74 and a two-hundred day simple moving average of $63.22. The firm has a market capitalization of $4.65 billion, a P/E ratio of 70.28, a PEG ratio of 1.55 and a beta of 0.87.

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.