Akzo Nobel NV (OTCMKTS:AKZOY – Get Free Report) was the target of a large drop in short interest in January. As of January 15th, there was short interest totaling 41,678 shares, a drop of 70.1% from the December 31st total of 139,238 shares. Based on an average trading volume of 447,721 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the company’s stock are short sold. Currently, 0.0% of the company’s stock are short sold. Based on an average trading volume of 447,721 shares, the days-to-cover ratio is presently 0.1 days.
Akzo Nobel Stock Down 0.4%
Shares of OTCMKTS:AKZOY opened at $23.36 on Wednesday. Akzo Nobel has a 1 year low of $18.07 and a 1 year high of $24.52. The company has a market capitalization of $12.00 billion, a PE ratio of 233.60, a price-to-earnings-growth ratio of 0.96 and a beta of 1.09. The business has a fifty day moving average price of $22.34 and a two-hundred day moving average price of $22.72. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.25 and a quick ratio of 0.92.
Analyst Upgrades and Downgrades
Several analysts have recently commented on the company. Berenberg Bank raised Akzo Nobel to a “strong-buy” rating in a research note on Monday, October 27th. Sanford C. Bernstein lowered Akzo Nobel from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 24th. UBS Group raised shares of Akzo Nobel to a “hold” rating in a report on Monday, January 12th. Finally, Zacks Research upgraded shares of Akzo Nobel from a “strong sell” rating to a “hold” rating in a report on Friday, December 12th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, Akzo Nobel has a consensus rating of “Moderate Buy”.
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.
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