Arkema (OTCMKTS:ARKAY) Shares Pass Below Two Hundred Day Moving Average - Here's What Happened

Key Points

• Arkema's stock fell below its 200-day moving average, last trading at $66.87, significantly below the average of $74.98.
• Equity analysts have mixed ratings on Arkema, with Barclays downgrading it to a "hold", while Citigroup maintains a "buy" rating, resulting in an average rating of "hold" from analysts.
• The company reported earnings per share (EPS) of $1.77 for the quarter, falling short of the expected $2.09, despite surpassing revenue estimates with $2.75 billion reported.

Arkema SA (OTCMKTS:ARKAY - Get Free Report) shares crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $74.98 and traded as low as $66.23. Arkema shares last traded at $66.87, with a volume of 45,716 shares.

Analyst Upgrades and Downgrades

ARKAY has been the subject of several analyst reports. Deutsche Bank Aktiengesellschaft reissued a "buy" rating on shares of Arkema in a report on Monday. Jefferies Financial Group cut shares of Arkema to a "hold" rating in a report on Monday, June 16th. Citigroup reissued a "buy" rating on shares of Arkema in a report on Friday, July 11th. Finally, Barclays cut shares of Arkema from a "strong-buy" rating to a "hold" rating in a report on Tuesday, July 8th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy".

Arkema Stock Performance

The company has a quick ratio of 1.64, a current ratio of 2.43 and a debt-to-equity ratio of 0.48. The company has a market capitalization of $5.25 billion, a PE ratio of 22.25, a PEG ratio of 0.61 and a beta of 1.04. The stock's fifty day simple moving average is $72.43 and its 200-day simple moving average is $74.60.

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