Arkema (OTCMKTS:ARKAY) Hits New 52-Week Low - What's Next?

Key Points

• Arkema's stock price hit a new 52-week low at $62.70 during trading, down from a prior close of $63.89.
• Analysts have mixed ratings for Arkema, with one Strong Buy, two Buy, two Hold, and one Sell rating, resulting in a consensus of Moderate Buy.
• For the most recent quarter, Arkema reported earnings of $1.77 per share, missing estimates by $0.32, despite generating revenues of $2.75 billion, exceeding expectations.

Arkema SA (OTCMKTS:ARKAY - Get Free Report)'s stock price hit a new 52-week low during trading on Tuesday . The stock traded as low as $62.70 and last traded at $62.70, with a volume of 1859 shares changing hands. The stock had previously closed at $63.89.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. Deutsche Bank Aktiengesellschaft restated a "buy" rating on shares of Arkema in a research note on Monday, September 8th. Citigroup restated a "buy" rating on shares of Arkema in a research note on Friday, July 11th. Barclays downgraded shares of Arkema from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, July 8th. Finally, Jefferies Financial Group downgraded shares of Arkema to a "hold" rating in a research note on Monday, June 16th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy".

Arkema Stock Performance

The stock has a market cap of $4.79 billion, a price-to-earnings ratio of 20.33, a PEG ratio of 0.59 and a beta of 1.04. The stock's fifty day moving average is $70.16 and its 200-day moving average is $72.59. The company has a quick ratio of 1.64, a current ratio of 2.43 and a debt-to-equity ratio of 0.48.

Arkema (OTCMKTS:ARKAY - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The basic materials company reported $1.77 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.09 by ($0.32). Arkema had a net margin of 2.41% and a return on equity of 6.41%. The business had revenue of $2.75 billion during the quarter, compared to analyst estimates of $2.29 billion. On average, analysts forecast that Arkema SA will post 8.36 EPS for the current 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.

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