Arkema (OTCMKTS:ARKAY) Sets New 12-Month Low – Here’s Why

Arkema S.A. (OTCMKTS:ARKAY)’s stock price reached a new 52-week low during mid-day trading on Wednesday . The company 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 Analyst Weigh In

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

Arkema Stock Performance

The company has a current ratio of 1.86, a quick ratio of 1.38 and a debt-to-equity ratio of 0.38. The stock has a market cap of $6.25 billion, a price-to-earnings ratio of 16.44, a PEG ratio of 0.39 and a beta of 1.27. The stock’s 50 day moving average is $90.14 and its two-hundred day moving average is $92.95.

Arkema (OTCMKTS:ARKAY) last released its quarterly earnings results on Wednesday, November 6th. The basic materials company reported $2.45 earnings per share (EPS) for the quarter. The firm 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%. Analysts anticipate that Arkema S.A. will post 8.89 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.