Arkema (OTCMKTS:ARKAY) Upgraded by Berenberg Bank to Strong-Buy Rating

Arkema (OTCMKTS:ARKAY - Get Free Report) was upgraded by investment analysts at Berenberg Bank from a "hold" rating to a "strong-buy" rating in a research report issued to clients and investors on Thursday, Zacks.com reports.

Arkema Stock Up 0.4 %

OTCMKTS ARKAY traded up $0.31 on Thursday, reaching $87.73. The stock had a trading volume of 7,840 shares, compared to its average volume of 4,273. The company has a market capitalization of $6.58 billion, a price-to-earnings ratio of 17.80, a P/E/G ratio of 0.42 and a beta of 1.27. The business has a 50 day moving average price of $91.12 and a 200 day moving average price of $93.91. The company has a current ratio of 1.86, a quick ratio of 1.38 and a debt-to-equity ratio of 0.38. Arkema has a 1 year low of $84.55 and a 1 year high of $114.15.

Arkema (OTCMKTS:ARKAY - Get Free Report) last issued its quarterly earnings data on Thursday, August 1st. The basic materials company reported $2.98 EPS for the quarter. Arkema had a return on equity of 8.18% and a net margin of 3.80%. The business had revenue of $2.73 billion for the quarter. On average, analysts forecast that Arkema will post 8.96 EPS for the current fiscal 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.