Arkema (OTCMKTS:ARKAY) Downgraded by Berenberg Bank to Hold

Berenberg Bank downgraded shares of Arkema (OTCMKTS:ARKAY) from a strong-buy rating to a hold rating in a research note released on Monday,Zacks.com reports.

Other equities research analysts have also issued reports about the company. Zacks Research lowered Arkema from a “hold” rating to a “strong sell” rating in a research note on Tuesday, January 6th. Sanford C. Bernstein upgraded Arkema from a “strong sell” rating to a “hold” rating in a research note on Monday. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Arkema in a research note on Thursday, April 9th. Kepler Capital Markets lowered Arkema from a “strong-buy” rating to a “hold” rating in a research note on Friday, February 27th. Finally, The Goldman Sachs Group upgraded Arkema from a “hold” rating to a “buy” rating in a research note on Tuesday, February 10th. Two investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, Arkema presently has an average rating of “Hold”.

Arkema Price Performance

Shares of OTCMKTS ARKAY opened at $73.10 on Monday. The firm has a market cap of $5.56 billion, a PE ratio of 84.02 and a beta of 0.84. The firm has a fifty day moving average of $68.27 and a 200 day moving average of $63.27. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.63 and a current ratio of 2.13. Arkema has a one year low of $56.28 and a one year high of $79.36.

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.