Akzo Nobel (OTCMKTS:AKZOY) Sees Large Volume Increase – Here’s What Happened
by Jessica Moore · The Cerbat GemAkzo Nobel NV (OTCMKTS:AKZOY – Get Free Report) shares saw strong trading volume on Wednesday . 557,154 shares changed hands during mid-day trading, an increase of 212% from the previous session’s volume of 178,517 shares.The stock last traded at $22.95 and had previously closed at $22.95.
Analyst Ratings Changes
Several research firms have recently weighed in on AKZOY. UBS Group upgraded Akzo Nobel to a “hold” rating in a report on Monday. Sanford C. Bernstein downgraded shares of Akzo Nobel from a “strong-buy” rating to a “hold” rating in a report on Monday, November 24th. Zacks Research upgraded shares of Akzo Nobel from a “strong sell” rating to a “hold” rating in a report on Friday, December 12th. Finally, Berenberg Bank upgraded shares of Akzo Nobel to a “strong-buy” rating in a research note on Monday, October 27th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, Akzo Nobel has a consensus rating of “Moderate Buy”.
Check Out Our Latest Stock Analysis on AKZOY
Akzo Nobel Trading Up 0.2%
The company has a debt-to-equity ratio of 0.88, a current ratio of 1.25 and a quick ratio of 0.92. The business’s fifty day moving average price is $22.14 and its 200 day moving average price is $22.76. The company has a market cap of $11.81 billion, a price-to-earnings ratio of 229.90, a price-to-earnings-growth ratio of 0.94 and a beta of 1.09.
Akzo Nobel (OTCMKTS:AKZOY – Get Free Report) last released its earnings results on Wednesday, October 22nd. The basic materials company reported $0.39 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by ($0.01). Akzo Nobel had a net margin of 0.53% and a return on equity of 13.69%. The firm had revenue of $2.96 billion during the quarter, compared to analyst estimates of $2.57 billion. Research analysts anticipate that Akzo Nobel NV will post 1.52 earnings per share for the current fiscal year.
Akzo Nobel Company Profile
Akzo Nobel N.V. is a Dutch multinational company specializing in paints, coatings and specialty chemicals. Established through the 1994 merger of Akzo and Nobel Industries, the company traces its roots back to chemical and saltpeter production in the Netherlands. Today, Akzo Nobel is recognized as one of the world’s leading coatings manufacturers, serving both decorative and industrial markets.
The company’s business is organized into three principal segments: Decorative Paints, Performance Coatings and Specialty Chemicals.