Arkema (OTCMKTS:ARKAY) Share Price Crosses Below 200 Day Moving Average - Here's Why

Key Points

• Arkema's stock price has fallen below its 200-day moving average, currently trading at $72.62, compared to the average of $76.05.
• Recent analyst ratings have been mixed, with one "sell," two "hold," and one "buy" rating, reflecting an average rating of "Hold."
• The company reported earnings per share of $1.77 for the last quarter, missing expectations, but revenue was higher than anticipated at $2.75 billion.

Arkema SA (OTCMKTS:ARKAY - Get Free Report) passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $76.05 and traded as low as $72.45. Arkema shares last traded at $72.62, with a volume of 4,270 shares changing hands.

Analyst Ratings Changes

ARKAY has been the topic of a number of analyst reports. Citigroup reiterated a "buy" rating on shares of Arkema in a research note on Friday, July 11th. Jefferies Financial Group lowered shares of Arkema to a "hold" rating in a research note on Monday, June 16th. Sanford C. Bernstein initiated coverage on shares of Arkema in a research note on Thursday, April 24th. They set an "underperform" rating on the stock. Finally, Barclays lowered shares of Arkema from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, July 8th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Arkema has a consensus rating of "Hold".

Arkema Trading Down 1.3%

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 business's 50 day moving average is $72.44 and its 200-day moving average is $75.87. The firm has a market cap of $5.54 billion, a P/E ratio of 23.49, a price-to-earnings-growth ratio of 0.64 and a beta of 1.05.

Arkema (OTCMKTS:ARKAY - Get Free Report) last issued its quarterly 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). The company had revenue of $2.75 billion during the quarter, compared to the consensus estimate of $2.29 billion. Arkema had a return on equity of 6.41% and a net margin of 2.41%. As a group, analysts forecast 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.