Akzo Nobel (OTCMKTS:AKZOY) Stock Price Passes Below Fifty Day Moving Average of $24.27

Akzo Nobel (OTCMKTS:AKZOY)’s share price crossed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $24.27 and traded as low as $23.19. Akzo Nobel shares last traded at $23.26, with a volume of 78,548 shares.

Akzo Nobel Stock Up 1.0 %

The company has a quick ratio of 0.77, a current ratio of 1.06 and a debt-to-equity ratio of 0.70. The company has a market capitalization of $11.92 billion, a price-to-earnings ratio of 24.74, a P/E/G ratio of 0.76 and a beta of 1.27. The business’s 50-day moving average is $24.27 and its 200-day moving average is $24.74.

Akzo Nobel (OTCMKTS:AKZOY) last posted its earnings results on Wednesday, February 7th. The basic materials company reported $0.15 EPS for the quarter. The firm had revenue of $2.72 billion for the quarter. Akzo Nobel had a return on equity of 11.43% and a net margin of 4.15%. As a group, equities analysts predict that Akzo Nobel will post 1.46 earnings per share for the current year.

Akzo Nobel Increases Dividend

The company also recently announced a dividend, which will be paid on Tuesday, May 14th. Stockholders of record on Tuesday, April 30th will be paid a dividend of $0.4498 per share. This is a positive change from Akzo Nobel’s previous dividend of $0.11. The ex-dividend date is Monday, April 29th. Akzo Nobel’s dividend payout ratio is presently 24.47%.

About Akzo Nobel

Akzo Nobel N.V. engages in the production and sale of paints and coatings worldwide. The company operates through two segments: Decorative Paints and Performance Coatings. It offers decorative paints, including paints, lacquers, and varnishes; and a range of mixing machines and color concepts for the building and renovation industry, as well as specialty coatings.