Zacks Investment Research lowered shares of Arkema SA (OTCMKTS:ARKAY) from a buy rating to a hold rating in a research report report published on Wednesday, May 24th.
According to Zacks, “Arkema SA is engaged in the manufacturing and marketing of vinyl products, industrial chemicals, and performance products. Vinyl products include chlorine or caustic soda, pipes and profiles, PVC, and vinyl compounds. Industrial chemicals include emulsion systems, fluorochemicals, hydrogen peroxide, PMMA and methacrylics, specialty acrylic polymers and thiochemicals. Performance products include functional additives, specialty chemicals and technical polymers. The Company’s products can be used for various purposes including air conditioning or refrigeration; chemical processing, coating, construction; packaging; automotive & transportation. Its products, also find their application in adhesives and sealants, agriculture & agrochemicals, consumer goods, electronics, foams, solvents and aerosols market, health, hygiene & beauty, oil & gas, energy, pharmaceuticals, pulp & paper, rubber market, sports & leisure, etc. Arkema SA is headquartered in France. “
Separately, Evercore ISI initiated coverage on shares of Arkema SA in a research note on Monday, February 13th. They set a buy rating for the company.
Arkema SA (OTCMKTS ARKAY) traded up 0.556% during midday trading on Wednesday, reaching $106.992. The company’s stock had a trading volume of 874 shares. The firm has a 50 day moving average price of $106.85 and a 200-day moving average price of $100.64. Arkema SA has a 12-month low of $70.17 and a 12-month high of $110.23. The company has a market cap of $8.09 billion, a P/E ratio of 15.610 and a beta of 1.22.
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About Arkema SA
Arkema SA is a chemical producer, which provides specialty chemicals and advanced materials. The Company manufactures a range of products for industries, including construction, packaging, chemical, automotive, electronics, food and pharmaceutical industries. The Company operates through three business segments: High Performance Materials, Industrial Specialties and Coating Solutions.
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