Arkema (OTCMKTS:ARKAY) Share Price Passes Above 50-Day Moving Average - Time to Sell?

Key Points

• Arkema's stock crossed above its 50-day moving average of $72.73, reaching a high of $76.47 during trading, which may influence investor sentiment.
• Analysts have issued mixed ratings for Arkema, with one sell rating, two hold ratings, one buy rating, and one strong buy rating, leading to a consensus rating of "Hold."
• The company recently announced a dividend payout of $3.4274, representing a yield of 4.47%, but has a dividend payout ratio of 67.63%.

Shares of Arkema SA (OTCMKTS:ARKAY - Get Free Report) crossed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $72.73 and traded as high as $76.47. Arkema shares last traded at $76.23, with a volume of 98,292 shares traded.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. Citigroup reaffirmed a "buy" rating on shares of Arkema in a research note on Friday, July 11th. Jefferies Financial Group cut Arkema to a "hold" rating in a research note on Monday, June 16th. Barclays cut Arkema from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, July 8th. Finally, Sanford C. Bernstein assumed coverage on Arkema in a research note on Thursday, April 24th. They set an "underperform" rating for the company. One analyst has rated the stock with a sell rating, two have assigned a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold".

Arkema Price Performance

The company has a market capitalization of $5.52 billion, a PE ratio of 16.19, a P/E/G ratio of 0.51 and a beta of 1.07. The company has a current ratio of 2.43, a quick ratio of 1.64 and a debt-to-equity ratio of 0.48. The stock has a fifty day simple moving average of $72.71 and a 200-day simple moving average of $76.75.

Arkema (OTCMKTS:ARKAY - Get Free Report) last posted its earnings results on Wednesday, May 7th. The basic materials company reported $1.37 earnings per share for the quarter, missing the consensus estimate of $1.45 by ($0.08). Arkema had a net margin of 3.40% and a return on equity of 7.42%. The firm had revenue of $2.70 billion during the quarter, compared to analysts' expectations of $2.44 billion. Equities analysts anticipate that Arkema SA will post 8.36 earnings per share for the current year.

Arkema Cuts Dividend

The company also recently announced a dividend, which was paid on Thursday, June 12th. Stockholders of record on Friday, May 23rd were issued a $3.4274 dividend. This represents a dividend yield of 4.47%. The ex-dividend date was Thursday, May 22nd. Arkema's payout ratio is currently 67.63%.

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.