Arkema (OTCMKTS:ARKAY) Stock Rating Upgraded by Berenberg Bank

Arkema (OTCMKTS:ARKAY) was upgraded by analysts at Berenberg Bank from a “hold” rating to a “strong-buy” rating in a research note issued to investors on Thursday, Zacks.com reports.

Arkema Trading Up 0.4 %

Shares of Arkema stock opened at $87.73 on Thursday. The firm has a market capitalization of $6.58 billion, a price-to-earnings ratio of 17.80, a PEG ratio of 0.42 and a beta of 1.27. Arkema has a fifty-two week low of $84.55 and a fifty-two week high of $114.15. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.38 and a current ratio of 1.86. The stock has a 50 day moving average of $91.12 and a 200 day moving average of $93.97.

Arkema (OTCMKTS:ARKAY) last released its quarterly earnings results on Thursday, August 1st. The basic materials company reported $2.98 EPS for the quarter. Arkema had a return on equity of 8.18% and a net margin of 3.80%. The business had revenue of $2.73 billion during the quarter. As a group, research analysts predict that Arkema will post 8.96 earnings per share for the current year.

Arkema Company Profile

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.