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Arkema (OTCMKTS:ARKAY) Stock Crosses Below 200 Day Moving Average - Here's Why

Arkema logo with Basic Materials background

Arkema S.A. (OTCMKTS:ARKAY - Get Free Report)'s share price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $95.76 and traded as low as $94.80. Arkema shares last traded at $94.80, with a volume of 1,420 shares traded.

Arkema Stock Performance

The stock's fifty day moving average price is $90.47 and its two-hundred day moving average price is $95.75. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.38 and a current ratio of 1.86. The company has a market cap of $7.11 billion, a P/E ratio of 19.23, a P/E/G ratio of 0.42 and a beta of 1.27.

Arkema (OTCMKTS:ARKAY - Get Free Report) last issued its quarterly earnings results on Thursday, August 1st. The basic materials company reported $2.98 earnings per share for the quarter. Arkema had a net margin of 3.80% and a return on equity of 8.18%. The company had revenue of $2.73 billion during the quarter. As a group, equities analysts predict that Arkema S.A. will post 9.09 earnings per share for the current year.

About Arkema

(Get Free Report)

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.

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