Arkema (OTCMKTS:ARKAY) Sets New 12-Month Low - Here's Why

Key Points

• Arkema's shares hit a new 52-week low at $62.36, closing at $62.42, marking a decline of 3.8%.
• Despite recent stock performance, analysts generally maintain a Moderate Buy consensus, with some firms like Citigroup and Deutsche Bank reiterating a "buy" rating.
• In its latest earnings report, Arkema missed EPS estimates at $1.77, while reported revenues of $2.75 billion surpassed the forecast of $2.29 billion.

Shares of Arkema SA (OTCMKTS:ARKAY - Get Free Report) reached a new 52-week low on Monday . The stock traded as low as $62.36 and last traded at $62.42, with a volume of 4277 shares traded. The stock had previously closed at $64.74.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on ARKAY. Citigroup reiterated a "buy" rating on shares of Arkema in a research report on Friday. Deutsche Bank Aktiengesellschaft restated a "buy" rating on shares of Arkema in a research report on Monday, September 8th. Jefferies Financial Group cut Arkema to a "hold" rating in a research report on Monday, June 16th. Finally, Barclays cut Arkema from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, July 8th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy".

Arkema Stock Down 3.8%

The stock has a 50 day moving average price of $69.16 and a 200 day moving average price of $71.89. The stock has a market capitalization of $4.74 billion, a price-to-earnings ratio of 20.10, a price-to-earnings-growth ratio of 0.60 and a beta of 1.03. 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 announced its quarterly earnings results on Thursday, July 31st. The basic materials company reported $1.77 EPS for the quarter, missing analysts' consensus estimates of $2.09 by ($0.32). The firm had revenue of $2.75 billion for the quarter, compared to analyst estimates of $2.29 billion. Arkema had a net margin of 2.41% and a return on equity of 6.41%. As a group, 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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