Arkema (OTCMKTS:ARKAY) Shares Gap Down – What’s Next?

Arkema SA (OTCMKTS:ARKAY)’s stock price gapped down before the market opened on Friday . The stock had previously closed at $68.03, but opened at $66.01. Arkema shares last traded at $65.90, with a volume of 584 shares trading hands.

Wall Street Analysts Forecast Growth

ARKAY has been the subject of a number of recent research reports. The Goldman Sachs Group lowered Arkema from a “buy” rating to a “neutral” rating in a research note on Monday, June 8th. Barclays upgraded Arkema from a “strong sell” rating to a “hold” rating in a research report on Wednesday, August 12th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Arkema in a research note on Tuesday, June 23rd. One research analyst has rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold”.

Arkema Price Performance

The business’s 50-day simple moving average is $67.45 and its 200-day simple moving average is $68.00. The stock has a market cap of $5.01 billion, a PE ratio of 227.10 and a beta of 0.85. The company has a quick ratio of 1.08, a current ratio of 1.52 and a debt-to-equity ratio of 0.42.

Arkema (OTCMKTS:ARKAY) last posted its earnings results on Thursday, July 30th. The basic materials company reported $1.98 earnings per share for the quarter, topping analysts’ consensus estimates of $1.86 by $0.12. The company had revenue of $2.79 billion during the quarter, compared to analyst estimates of $2.86 billion. Arkema had a net margin of 0.67% and a return on equity of 4.30%. On average, research analysts expect that Arkema SA will post 3.68 EPS for the current fiscal year.

About Arkema

Arkema is a France-based specialty materials company that develops and manufactures high-performance materials for industrial and consumer applications. Its portfolio includes advanced polymers, adhesives, coating materials, specialty additives and other chemical products designed to improve durability, performance and sustainability.

The company serves industries such as automotive, construction, consumer goods, electronics, energy, packaging, sports and healthcare. Its products include specialty adhesives, acrylic and fluoropolymer materials, technical resins, coating solutions and materials used in lightweight, durable and lower-impact applications.

Arkema was established in 2004 following the reorganization of Total’s chemicals businesses and has expanded into a global specialty materials group with operations and customers across Europe, North America, Asia and other international markets.