Arkema (OTCMKTS:ARKAY) Stock Rating Upgraded by Berenberg Bank

Arkema (OTCMKTS:ARKAY) was upgraded by investment analysts at Berenberg Bank from a “hold” rating to a “strong-buy” rating in a report issued on Thursday, Zacks.com reports.

Arkema Trading Up 0.4 %

OTCMKTS:ARKAY opened at $87.73 on Thursday. The firm has a market cap of $6.58 billion, a PE ratio of 17.80, a price-to-earnings-growth ratio of 0.42 and a beta of 1.27. The stock has a fifty day moving average price of $91.12 and a 200 day moving average price of $93.97. Arkema has a 12-month low of $84.55 and a 12-month high of $114.15. The company has a current ratio of 1.86, a quick ratio of 1.38 and a debt-to-equity ratio of 0.38.

Arkema (OTCMKTS:ARKAY) last released its earnings results on Thursday, August 1st. The basic materials company reported $2.98 earnings per share (EPS) for the quarter. The firm had revenue of $2.73 billion during the quarter. Arkema had a return on equity of 8.18% and a net margin of 3.80%. Sell-side analysts anticipate that Arkema will post 8.96 earnings per share 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.