Arkema (OTCMKTS:ARKAY) Downgraded by Barclays to Hold

Arkema (OTCMKTS:ARKAY) was downgraded by research analysts at Barclays from a “strong-buy” rating to a “hold” rating in a research report issued to clients and investors on Tuesday,Zacks.com reports.

Other analysts have also issued reports about the stock. Sanford C. Bernstein assumed coverage on shares of Arkema in a report on Thursday, April 24th. They set an “underperform” rating for the company. Jefferies Financial Group cut Arkema to a “hold” rating in a research note on Monday, June 16th.

Arkema Trading Up 4.2%

OTCMKTS ARKAY opened at $74.90 on Tuesday. The firm has a market cap of $5.70 billion, a PE ratio of 16.72, a price-to-earnings-growth ratio of 0.42 and a beta of 1.07. Arkema has a 1-year low of $64.94 and a 1-year high of $98.97. The stock has a 50-day moving average of $72.94 and a 200-day moving average of $76.64. The company has a current ratio of 2.43, a quick ratio of 1.64 and a debt-to-equity ratio of 0.48.

Arkema (OTCMKTS:ARKAY) last released its quarterly earnings data on Wednesday, May 7th. The basic materials company reported $1.37 earnings per share for the quarter, missing analysts’ consensus estimates of $1.45 by ($0.08). Arkema had a net margin of 3.40% and a return on equity of 7.42%. The company had revenue of $2.70 billion for the quarter, compared to analysts’ expectations of $2.44 billion. As a group, sell-side analysts forecast that Arkema 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.