Shares of ARKEMA/S (OTCMKTS:ARKAY) crossed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $89.08 and traded as low as $88.10. ARKEMA/S shares last traded at $88.10, with a volume of 1,220 shares trading hands.
Separately, Zacks Investment Research cut shares of ARKEMA/S from a “buy” rating to a “hold” rating in a research note on Friday, August 2nd. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. ARKEMA/S presently has a consensus rating of “Hold” and a consensus price target of $99.00.
The firm’s 50 day moving average price is $89.02 and its two-hundred day moving average price is $93.63. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.75 and a current ratio of 2.42. The firm has a market cap of $6.63 billion, a PE ratio of 7.86, a PEG ratio of 2.07 and a beta of 1.33.
Arkema SA manufactures and sells specialty chemicals and advanced materials worldwide. It operates through three segments: High Performance Materials, Industrial Specialties, and Coating Solutions. Its products include acrylics, coating resins, electroactive polymers, fluorochemicals, fluoropolymers, functional polyolefins, hydrazine hydrate, hydrogen peroxide, molecular sieves, organic peroxide, oxygenated solvents, poly-ether-ketone-ketone polyetherketoneketone, plastic additives, polymethyl methacrylate resins and sheets, rheology additives, solutions for glass coating, specialty adhesives, specialty polyamides, surfactants and additives, technical fluids, and thiochemicals.
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