Arkema (OTCMKTS:ARKAY) Sets New 1-Year Low – Here’s Why

Arkema S.A. (OTCMKTS:ARKAY) shares reached a new 52-week low on Tuesday . The company traded as low as $75.63 and last traded at $75.73, with a volume of 34532 shares changing hands. The stock had previously closed at $77.40.

Analyst Upgrades and Downgrades

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

Arkema Stock Down 2.2 %

The company has a market capitalization of $5.76 billion, a price-to-earnings ratio of 15.48, a P/E/G ratio of 0.47 and a beta of 1.23. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.11 and a quick ratio of 1.54. The firm’s fifty day moving average price is $84.77 and its 200-day moving average price is $88.89.

Arkema (OTCMKTS:ARKAY) last issued its earnings results on Wednesday, November 6th. The basic materials company reported $2.45 earnings per share (EPS) for the quarter. Arkema had a return on equity of 8.04% and a net margin of 3.82%. The business had revenue of $2.63 billion during the quarter. Sell-side analysts expect that Arkema S.A. will post 9.13 earnings per share for the current fiscal 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.