Arkema (OTCMKTS:ARKAY) Shares Gap Down – Time to Sell?

Arkema SA (OTCMKTS:ARKAY) gapped down prior to trading on Thursday . The stock had previously closed at $71.00, but opened at $66.77. Arkema shares last traded at $66.77, with a volume of 1,173 shares traded.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the stock. Zacks Research upgraded shares of Arkema from a “strong sell” rating to a “hold” rating in a research report on Monday, May 4th. Berenberg Bank downgraded shares of Arkema from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 20th. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Arkema in a research report on Thursday, April 9th. Sanford C. Bernstein upgraded shares of Arkema from a “strong sell” rating to a “hold” rating in a research report on Monday, April 20th. Finally, Kepler Capital Markets downgraded shares of Arkema from a “hold” rating to a “strong sell” rating in a research report on Thursday, May 7th. Two research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold”.

Arkema Stock Down 5.6%

The firm’s 50 day moving average price is $69.05 and its two-hundred day moving average price is $65.04. The company has a market cap of $5.10 billion, a P/E ratio of 268.16 and a beta of 0.84. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.63 and a current ratio of 2.13.

Arkema (OTCMKTS:ARKAY) last released its quarterly earnings data on Wednesday, May 6th. The basic materials company reported $1.01 earnings per share for the quarter, beating the consensus estimate of $0.91 by $0.10. The company had revenue of $2.57 billion during the quarter, compared to analyst estimates of $2.52 billion. Arkema had a net margin of 0.46% and a return on equity of 4.06%. Equities research analysts anticipate that Arkema SA will post 3.5 EPS for the current fiscal year.

About Arkema

Arkema SA is a global specialty chemicals and advanced materials company headquartered in Colombes, France. Established in 2004 as a spin-off from Total’s chemicals division, the company offers a broad portfolio of high-performance materials designed to improve durability, thermal and chemical resistance, and environmental performance across diverse industries.

Arkema’s operations are organized into four core segments. Adhesive Solutions delivers bonding, sealing, and coating technologies for markets such as packaging, medical devices, and consumer goods.