Arkema (OTCMKTS:ARKAY) Stock Crosses Below 200 Day Moving Average - What's Next?

Shares of Arkema S.A. (OTCMKTS:ARKAY - Get Free Report) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $86.95 and traded as low as $72.97. Arkema shares last traded at $73.60, with a volume of 11,076 shares trading hands.

Wall Street Analysts Forecast Growth

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

Arkema Price Performance

The company's 50-day moving average is $79.93 and its 200-day moving average is $86.83. The firm has a market cap of $5.53 billion, a price-to-earnings ratio of 14.53, a price-to-earnings-growth 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 - Get Free Report) last announced its quarterly earnings results on Wednesday, November 6th. The basic materials company reported $2.45 earnings per share (EPS) for the quarter. The company had revenue of $2.63 billion for the quarter. Arkema had a net margin of 3.82% and a return on equity of 8.04%. Equities research analysts predict that Arkema S.A. will post 9.13 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.