Arkema (OTCMKTS:ARKAY) Shares Gap Down – Time to Sell?

Shares of Arkema SA (OTCMKTS:ARKAY) gapped down before the market opened on Thursday . The stock had previously closed at $71.00, but opened at $66.77. Arkema shares last traded at $66.77, with a volume of 1,173 shares trading hands.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. The Goldman Sachs Group upgraded shares of Arkema from a “hold” rating to a “buy” rating in a research note on Tuesday, February 10th. Berenberg Bank lowered shares of Arkema from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 20th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Arkema in a research note on Thursday, April 9th. Sanford C. Bernstein upgraded shares of Arkema from a “strong sell” rating to a “hold” rating in a research note on Monday, April 20th. Finally, Kepler Capital Markets downgraded shares of Arkema from a “hold” rating to a “strong sell” rating in a report on Thursday, May 7th. Two analysts have rated the stock with a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold”.

Arkema Stock Down 5.6%

The stock’s fifty day moving average is $69.05 and its two-hundred day moving average is $65.04. The company has a current ratio of 2.13, a quick ratio of 1.63 and a debt-to-equity ratio of 0.54. The company has a market capitalization of $5.10 billion, a PE ratio of 268.16 and a beta of 0.84.

Arkema (OTCMKTS:ARKAY) last issued its quarterly earnings results on Wednesday, May 6th. The basic materials company reported $1.01 earnings per share for the quarter, topping analysts’ consensus estimates of $0.91 by $0.10. The company had revenue of $2.57 billion for the quarter, compared to the consensus estimate of $2.52 billion. Arkema had a net margin of 0.46% and a return on equity of 4.06%. As a group, analysts predict that Arkema SA will post 3.5 EPS 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.