Arkema (OTCMKTS:ARKAY) Stock Price Passes Above Fifty Day Moving Average – Here’s What Happened

Arkema SA (OTCMKTS:ARKAY) shares crossed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $63.31 and traded as high as $74.3570. Arkema shares last traded at $74.33, with a volume of 2,533 shares trading hands.

Analyst Ratings Changes

ARKAY has been the topic of a number of recent analyst reports. The Goldman Sachs Group raised Arkema from a “hold” rating to a “buy” rating in a report on Tuesday, February 10th. Deutsche Bank Aktiengesellschaft downgraded shares of Arkema from a “buy” rating to a “hold” rating in a report on Monday, November 24th. Barclays cut shares of Arkema from a “hold” rating to a “strong sell” rating in a research note on Tuesday, November 11th. Finally, Zacks Research cut shares of Arkema from a “hold” rating to a “strong sell” rating in a research note on Tuesday, January 6th. Two investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Reduce”.

Arkema Price Performance

The firm has a 50-day simple moving average of $63.31 and a 200-day simple moving average of $63.87. The firm has a market cap of $5.65 billion, a P/E ratio of 35.74, a PEG ratio of 1.54 and a beta of 0.90. The company has a current ratio of 3.07, a quick ratio of 2.26 and a debt-to-equity ratio of 0.55.

About Arkema

Arkema SA is a global specialty chemicals and advanced materials company headquartered in Colombes, France. Established in 2004 as a spin-off from Total’s chemicals division, the company offers a broad portfolio of high-performance materials designed to improve durability, thermal and chemical resistance, and environmental performance across diverse industries.

Arkema’s operations are organized into four core segments. Adhesive Solutions delivers bonding, sealing, and coating technologies for markets such as packaging, medical devices, and consumer goods.