Arkema (OTCMKTS:ARKAY) Stock Price Crosses Below 200 Day Moving Average – Time to Sell?

Arkema S.A. (OTCMKTS:ARKAY) crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $87.99 and traded as low as $71.38. Arkema shares last traded at $73.12, with a volume of 15,480 shares traded.

Analysts Set New Price Targets

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

Arkema Stock Down 0.5 %

The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.54 and a current ratio of 2.11. The company’s 50-day moving average price is $82.04 and its 200 day moving average price is $87.72. The stock has a market capitalization of $5.56 billion, a P/E ratio of 14.62, a P/E/G ratio of 0.47 and a beta of 1.23.

Arkema (OTCMKTS:ARKAY) last announced its quarterly earnings data on Wednesday, November 6th. The basic materials company reported $2.45 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 for the quarter. As a group, equities analysts expect that Arkema S.A. will post 9.13 earnings per share for the current 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.