Arkema (OTCMKTS:ARKAY) Shares Gap Down After Analyst Downgrade

Arkema SA (OTCMKTS:ARKAY)’s stock price gapped down before the market opened on Monday after Kepler Capital Markets downgraded the stock from a strong-buy rating to a hold rating. The stock had previously closed at $72.77, but opened at $66.91. Arkema shares last traded at $67.83, with a volume of 1,017 shares traded.

A number of other research firms have also issued reports on ARKAY. Deutsche Bank Aktiengesellschaft lowered shares of Arkema from a “buy” rating to a “hold” rating in a report on Monday, November 24th. Barclays downgraded shares of Arkema from a “hold” rating to a “strong sell” rating in a research note on Tuesday, November 11th. The Goldman Sachs Group upgraded Arkema from a “hold” rating to a “buy” rating in a report on Tuesday, February 10th. Finally, Zacks Research lowered Arkema from a “hold” rating to a “strong sell” rating in a research note on Tuesday, January 6th. Two analysts have rated the stock with a Buy rating, three have issued a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Arkema currently has a consensus rating of “Reduce”.

Arkema Stock Down 4.0%

The firm has a market cap of $4.95 billion, a PE ratio of 74.87, a PEG ratio of 1.38 and a beta of 0.87. The company has a debt-to-equity ratio of 0.55, a quick ratio of 2.26 and a current ratio of 3.07. The stock has a fifty day moving average price of $65.23 and a 200-day moving average price of $63.88.

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.