Arkema (OTCMKTS:ARKAY – Get Free Report) is expected to be posting its results before the market opens on Friday, November 6th. Analysts expect the company to post earnings of $1.49 per share and revenue of $2.62 billion for the quarter.
Arkema Trading Down 1.0%
ARKAY stock opened at $63.02 on Wednesday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.08 and a current ratio of 1.52. Arkema has a one year low of $56.28 and a one year high of $79.36. The company’s 50 day moving average price is $64.41 and its two-hundred day moving average price is $66.87. The company has a market capitalization of $4.79 billion, a PE ratio of 13.60 and a beta of 0.87.
Analysts Set New Price Targets
Separately, Barclays upgraded Arkema from a “strong sell” rating to a “hold” rating in a report on Wednesday, August 12th. Six equities research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Arkema presently has an average rating of “Reduce”.
Get Our Latest Stock Analysis on Arkema
About Arkema
Arkema is a France-based global specialty materials company that develops and manufactures products used in a wide range of industrial and consumer applications. Its portfolio includes specialty adhesives, high-performance polymers, acrylic materials, coating resins, additives and other chemical solutions designed to improve durability, performance and sustainability.
The company operates through businesses focused on Adhesive Solutions, Advanced Materials and Coating Solutions. Its products serve markets such as construction, automotive, electronics, packaging, renewable energy, consumer goods and industrial manufacturing.
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