Arkema (OTCMKTS:ARKAY) Sets New 1-Year Low – Here’s What Happened

Arkema S.A. (OTCMKTS:ARKAY)’s stock price reached a new 52-week low on Wednesday . The stock traded as low as $79.57 and last traded at $80.26, with a volume of 13944 shares traded. The stock had previously closed at $81.85.

Wall Street Analysts Forecast Growth

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

Arkema Stock Down 1.7 %

The business has a fifty day moving average of $90.32 and a 200-day moving average of $93.04. The stock has a market cap of $6.12 billion, a PE ratio of 9.12, a price-to-earnings-growth ratio of 0.39 and a beta of 1.27. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.86 and a quick ratio of 1.38.

Arkema (OTCMKTS:ARKAY) last posted its quarterly earnings results on Wednesday, November 6th. The basic materials company reported $2.45 earnings per share (EPS) for the quarter. The business had revenue of $2.63 billion for the quarter. Arkema had a return on equity of 7.99% and a net margin of 3.82%. Equities research analysts anticipate that Arkema S.A. will post 8.96 earnings per share for the current 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.