Arkema (OTCMKTS:ARKAY) Shares Pass Below 200-Day Moving Average – Time to Sell?

Shares of Arkema SA (OTCMKTS:ARKAY) crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $66.16 and traded as low as $65.53. Arkema shares last traded at $65.53, with a volume of 1,006 shares trading hands.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. Berenberg Bank cut Arkema from a “strong-buy” rating to a “hold” rating in a report on Monday, April 20th. The Goldman Sachs Group lowered Arkema from a “buy” rating to a “neutral” rating in a research report on Monday. Sanford C. Bernstein upgraded Arkema from a “strong sell” rating to a “hold” rating in a research report on Monday, April 20th. Kepler Capital Markets lowered Arkema from a “hold” rating to a “strong sell” rating in a research report on Thursday, May 7th. Finally, Zacks Research upgraded Arkema from a “strong sell” rating to a “hold” rating in a research report on Monday, May 4th. One analyst has rated the stock with a Buy rating, six have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Reduce”.

Arkema Trading Down 1.9%

The company has a fifty day simple moving average of $70.93 and a two-hundred day simple moving average of $66.16. The company has a quick ratio of 1.64, a current ratio of 2.25 and a debt-to-equity ratio of 0.53. The stock has a market capitalization of $4.98 billion, a P/E ratio of 262.12 and a beta of 0.84.

Arkema (OTCMKTS:ARKAY) last posted its earnings results on Wednesday, May 6th. The basic materials company reported $1.01 earnings per share for the quarter, topping the consensus estimate of $0.91 by $0.10. The firm had revenue of $2.57 billion for the quarter, compared to analyst estimates of $2.52 billion. Arkema had a return on equity of 4.06% and a net margin of 0.46%. On average, sell-side analysts expect that Arkema SA will post 3.89 earnings per share for the current year.

Arkema Company Profile

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.