Arkema (OTCMKTS:ARKAY) Sees Strong Trading Volume – Here’s Why

Arkema SA (OTCMKTS:ARKAY) saw an uptick in trading volume on Tuesday . 53,193 shares changed hands during trading, an increase of 225% from the previous session’s volume of 16,351 shares.The stock last traded at $60.6350 and had previously closed at $59.44.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on ARKAY. Barclays lowered shares of Arkema from a “hold” rating to a “strong sell” rating in a research note on Tuesday, November 11th. Citigroup reaffirmed a “buy” rating on shares of Arkema in a report on Friday, October 3rd. Finally, Deutsche Bank Aktiengesellschaft downgraded Arkema from a “buy” rating to a “hold” rating in a research note on Monday. One research analyst has rated the stock with a Buy rating, two have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Reduce”.

Arkema Stock Up 2.3%

The firm has a market capitalization of $4.62 billion, a price-to-earnings ratio of 19.61, a price-to-earnings-growth ratio of 0.66 and a beta of 1.01. The business has a 50 day moving average of $61.09 and a 200 day moving average of $68.28. The company has a debt-to-equity ratio of 0.49, a current ratio of 2.73 and a quick ratio of 1.92.

Arkema (OTCMKTS:ARKAY) last released its quarterly earnings data on Friday, November 7th. The basic materials company reported $1.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.98 by $0.21. Arkema had a return on equity of 6.36% and a net margin of 2.41%.The firm had revenue of $2.52 billion during the quarter, compared to analyst estimates of $2.50 billion. On average, equities analysts anticipate that Arkema SA will post 8.36 EPS for the current 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.