Akzo Nobel (OTCMKTS:AKZOY) Sees Unusually-High Trading Volume – Here’s Why

Akzo Nobel NV (OTCMKTS:AKZOY) shares saw unusually-strong trading volume on Wednesday . Approximately 557,154 shares changed hands during trading, an increase of 212% from the previous session’s volume of 178,517 shares.The stock last traded at $22.95 and had previously closed at $22.95.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on AKZOY shares. UBS Group raised shares of Akzo Nobel to a “hold” rating in a research report on Monday. Zacks Research raised shares of Akzo Nobel from a “strong sell” rating to a “hold” rating in a report on Friday, December 12th. Sanford C. Bernstein downgraded shares of Akzo Nobel from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 24th. Finally, Berenberg Bank raised shares of Akzo Nobel to a “strong-buy” rating in a research report on Monday, October 27th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy”.

Akzo Nobel Stock Down 0.8%

The stock’s fifty day simple moving average is $22.20 and its two-hundred day simple moving average is $22.76. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.25 and a quick ratio of 0.92. The company has a market capitalization of $11.75 billion, a price-to-earnings ratio of 228.70, a PEG ratio of 0.94 and a beta of 1.09.

Akzo Nobel (OTCMKTS:AKZOY) last announced its quarterly earnings data 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 13.69%. The business had revenue of $2.96 billion for the quarter, compared to the consensus estimate of $2.57 billion. On average, sell-side analysts predict that Akzo Nobel NV will post 1.52 earnings per share for the current fiscal year.

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.