Arkema (OTCMKTS:ARKAY) Shares Gap Up – Time to Buy?

Shares of Arkema SA (OTCMKTS:ARKAY) gapped up prior to trading on Monday . The stock had previously closed at $56.47, but opened at $60.10. Arkema shares last traded at $60.12, with a volume of 901 shares changing hands.

Analyst Ratings Changes

ARKAY has been the subject of several recent research reports. Citigroup reiterated a “buy” rating on shares of Arkema in a report on Friday, October 3rd. Barclays downgraded shares of Arkema from a “hold” rating to a “strong sell” rating in a report on Tuesday, November 11th. Finally, Deutsche Bank Aktiengesellschaft downgraded shares of Arkema from a “buy” rating to a “hold” rating in a report on Monday. One investment analyst has rated the stock with a Buy rating, two have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, Arkema has a consensus rating of “Reduce”.

Arkema Price Performance

The company has a current ratio of 2.73, a quick ratio of 1.92 and a debt-to-equity ratio of 0.49. The business’s fifty day moving average is $61.29 and its 200 day moving average is $68.38. The company has a market cap of $4.51 billion, a P/E ratio of 19.13, a PEG ratio of 0.66 and a beta of 1.01.

Arkema (OTCMKTS:ARKAY) last released its earnings results on Friday, November 7th. The basic materials company reported $1.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.98 by $0.21. Arkema had a return on equity of 6.36% and a net margin of 2.41%.The business had revenue of $2.52 billion during the quarter, compared to the consensus estimate of $2.50 billion. As a group, sell-side analysts anticipate that Arkema SA will post 8.36 EPS 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.