Arkema (OTCMKTS:ARKAY) Sees Large Volume Increase – Here’s What Happened

Arkema SA (OTCMKTS:ARKAY) shares saw strong trading volume on Monday . 84,566 shares changed hands during trading, an increase of 438% from the previous session’s volume of 15,719 shares.The stock last traded at $58.14 and had previously closed at $60.60.

Analyst Ratings Changes

A number of equities research analysts have commented on ARKAY shares. Citigroup reiterated a “buy” rating on shares of Arkema in a report on Friday, October 3rd. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Arkema in a research note on Monday, September 8th. Finally, Barclays lowered shares of Arkema from a “hold” rating to a “strong sell” rating in a report on Tuesday, November 11th. Two investment analysts have rated the stock with a Buy rating, one has given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold”.

Arkema Trading Down 0.6%

The company has a quick ratio of 1.92, a current ratio of 2.73 and a debt-to-equity ratio of 0.49. The business’s fifty day moving average is $61.95 and its 200-day moving average is $68.73. The stock has a market capitalization of $4.35 billion, a PE ratio of 18.44, a P/E/G ratio of 0.66 and a beta of 1.01.

Arkema (OTCMKTS:ARKAY) last announced its quarterly earnings results on Friday, November 7th. The basic materials company reported $1.19 earnings per share for the quarter, beating analysts’ consensus estimates of $0.98 by $0.21. Arkema had a net margin of 2.41% and a return on equity of 6.36%. The firm had revenue of $2.52 billion for the quarter, compared to analysts’ expectations of $2.50 billion. As a group, analysts anticipate that Arkema SA will post 8.36 EPS for the current fiscal year.

About Arkema

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.