Akzo Nobel (OTCMKTS:AKZOY) Shares Cross Below Fifty Day Moving Average – What’s Next?

Akzo Nobel NV (OTCMKTS:AKZOY) shares crossed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $22.79 and traded as low as $21.00. Akzo Nobel shares last traded at $21.18, with a volume of 51,807 shares changing hands.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. Sanford C. Bernstein cut Akzo Nobel from a “strong-buy” rating to a “hold” rating in a research report on Monday. Zacks Research downgraded Akzo Nobel from a “hold” rating to a “strong sell” rating in a report on Thursday, November 13th. Finally, Berenberg Bank upgraded shares of Akzo Nobel to a “strong-buy” rating in a research report on Monday, October 27th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy”.

Akzo Nobel Trading Up 0.1%

The company has a current ratio of 1.23, a quick ratio of 0.91 and a debt-to-equity ratio of 0.83. The business has a 50 day moving average price of $22.79 and a 200-day moving average price of $22.79. The firm has a market capitalization of $10.88 billion, a PE ratio of 211.80, a P/E/G ratio of 0.95 and a beta of 1.09.

Akzo Nobel (OTCMKTS:AKZOY) last posted its quarterly earnings results on Wednesday, October 22nd. The basic materials company reported $0.39 earnings per share for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.01). Akzo Nobel had a net margin of 0.53% and a return on equity of 13.51%. The business had revenue of $2.96 billion during the quarter, compared to analysts’ expectations of $2.57 billion. Analysts expect that Akzo Nobel NV will post 1.52 earnings per share for the current year.

Akzo Nobel Company Profile

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.