Akzo Nobel (OTCMKTS:AKZOY) Shares Pass Below 50-Day Moving Average of $24.27

Akzo Nobel (OTCMKTS:AKZOY)’s share price passed below its fifty day moving average during trading on Wednesday . The stock has a fifty 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 trading hands.

Akzo Nobel Stock Performance

The company has a debt-to-equity ratio of 0.70, a current ratio of 1.06 and a quick ratio of 0.77. The firm has a market cap of $12.01 billion, a P/E ratio of 24.94, a PEG ratio of 0.76 and a beta of 1.27. The stock’s 50 day moving average is $24.21 and its two-hundred day moving average is $24.73.

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

Akzo Nobel Increases Dividend

The business also recently declared a dividend, which will be paid on Tuesday, May 14th. Shareholders of record on Tuesday, April 30th will be given a $0.4498 dividend. This is a boost from Akzo Nobel’s previous dividend of $0.11. The ex-dividend date is Monday, April 29th. Akzo Nobel’s dividend payout ratio is 24.47%.

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.