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

Arkema S.A. (OTCMKTS:ARKAY - Get Free Report)'s share price 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 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 Stock Performance

The company has a 50 day simple moving average of $82.42 and a 200 day simple moving average of $87.82. The company has a quick ratio of 1.54, a current ratio of 2.11 and a debt-to-equity ratio of 0.48. The stock has a market cap of $5.56 billion, a price-to-earnings ratio of 14.62, a P/E/G ratio of 0.47 and a beta of 1.23.

Arkema (OTCMKTS:ARKAY - Get Free Report) last issued its quarterly earnings data on Wednesday, November 6th. The basic materials company reported $2.45 EPS for the quarter. The business had revenue of $2.63 billion during the quarter. Arkema had a net margin of 3.82% and a return on equity of 8.04%. As a group, equities research analysts forecast that Arkema S.A. will post 9.13 EPS 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.