Arkema (OTCMKTS:ARKAY) Hits New 52-Week Low – Here’s Why

Shares of Arkema S.A. (OTCMKTS:ARKAY) reached a new 52-week low during mid-day trading on Tuesday . The company traded as low as $75.63 and last traded at $75.73, with a volume of 34532 shares trading hands. The stock had previously closed at $77.40.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank raised Arkema from a “hold” rating to a “strong-buy” rating in a research report on Thursday, October 31st.

Arkema Stock Performance

The firm’s fifty day moving average price is $84.00 and its 200-day moving average price is $88.60. The company has a market cap of $5.55 billion, a P/E ratio of 14.58, a P/E/G ratio of 0.47 and a beta of 1.23. The company has a current ratio of 2.11, a quick ratio of 1.54 and a debt-to-equity ratio of 0.48.

Arkema (OTCMKTS:ARKAY) last issued its earnings results on Wednesday, November 6th. The basic materials company reported $2.45 earnings per share (EPS) for the quarter. Arkema had a return on equity of 8.04% and a net margin of 3.82%. The business had revenue of $2.63 billion during the quarter. As a group, research analysts forecast that Arkema S.A. will post 9.13 EPS for the current fiscal year.

Arkema Company Profile

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.