Arkema (OTCMKTS:ARKAY) Shares Cross Below 50-Day Moving Average – Time to Sell?

Shares of Arkema SA (OTCMKTS:ARKAY) passed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $70.52 and traded as low as $64.5690. Arkema shares last traded at $64.5690, with a volume of 610 shares changing hands.

Analysts Set New Price Targets

Several analysts have weighed in on ARKAY shares. Kepler Capital Markets downgraded shares of Arkema from a “hold” rating to a “strong sell” rating in a research note on Thursday, May 7th. The Goldman Sachs Group cut Arkema from a “buy” rating to a “neutral” rating in a research note on Monday, June 8th. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Arkema in a research report on Tuesday. Berenberg Bank cut Arkema from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 20th. Finally, Sanford C. Bernstein upgraded Arkema from a “strong sell” rating to a “hold” rating in a research report on Monday, April 20th. One research analyst has rated the stock with a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Reduce”.

Arkema Trading Down 0.1%

The company has a current ratio of 2.25, a quick ratio of 1.64 and a debt-to-equity ratio of 0.53. The firm has a fifty day simple moving average of $70.29 and a two-hundred day simple moving average of $66.64. The firm has a market cap of $4.95 billion, a PE ratio of 260.38 and a beta of 0.84.

Arkema (OTCMKTS:ARKAY) last posted its earnings results on Wednesday, May 6th. The basic materials company reported $1.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.91 by $0.10. The firm had revenue of $2.57 billion for the quarter, compared to analysts’ expectations of $2.52 billion. Arkema had a return on equity of 4.06% and a net margin of 0.46%. Equities analysts forecast that Arkema SA will post 3.48 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.