Akzo Nobel (OTCMKTS:AKZOY) Sees Strong Trading Volume – What’s Next?

Shares of Akzo Nobel NV (OTCMKTS:AKZOY) saw strong trading volume on Friday . 678,569 shares traded hands during mid-day trading, an increase of 334% from the previous session’s volume of 156,324 shares.The stock last traded at $23.10 and had previously closed at $23.69.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on AKZOY. Zacks Research upgraded shares of Akzo Nobel from a “strong sell” rating to a “hold” rating in a research note on Friday, December 12th. Sanford C. Bernstein cut Akzo Nobel from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 24th. Berenberg Bank upgraded Akzo Nobel to a “strong-buy” rating in a research note on Monday, October 27th. Finally, UBS Group upgraded Akzo Nobel to a “hold” rating in a research note on Monday, January 12th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, Akzo Nobel presently has a consensus rating of “Moderate Buy”.

Akzo Nobel Stock Performance

The stock has a market capitalization of $11.92 billion, a price-to-earnings ratio of 232.10, a P/E/G ratio of 0.97 and a beta of 1.09. The company has a current ratio of 1.25, a quick ratio of 0.92 and a debt-to-equity ratio of 0.88. The firm has a 50-day moving average of $22.51 and a 200-day moving average of $22.73.

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.