Arkema (OTCMKTS:ARKAY) Hits New 52-Week Low – Here’s Why

Arkema S.A. (OTCMKTS:ARKAY) shares reached a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $79.57 and last traded at $80.26, with a volume of 13944 shares changing hands. The stock had previously closed at $81.85.

Analyst Ratings Changes

Separately, Berenberg Bank upgraded shares of Arkema from a “hold” rating to a “strong-buy” rating in a research report on Thursday, October 31st.

Arkema Trading Down 1.7 %

The company has a 50 day simple moving average of $90.32 and a 200 day simple moving average of $93.04. The company has a market capitalization of $6.12 billion, a PE ratio of 9.12, a price-to-earnings-growth ratio of 0.39 and a beta of 1.27. 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 (OTCMKTS:ARKAY) last announced its quarterly earnings data on Wednesday, November 6th. The basic materials company reported $2.45 earnings per share for the quarter. Arkema had a return on equity of 7.99% and a net margin of 3.82%. The company had revenue of $2.63 billion for the quarter. Analysts anticipate that Arkema S.A. will post 8.96 earnings per share for the current year.

Arkema Company Profile

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.