Akzo Nobel (OTCMKTS:AKZOY) Shares Cross Above 50 Day Moving Average – Time to Sell?

Akzo Nobel NV (OTCMKTS:AKZOYGet Free Report) passed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $21.82 and traded as high as $22.13. Akzo Nobel shares last traded at $21.85, with a volume of 84,043 shares traded.

Analyst Ratings Changes

AKZOY has been the subject of several recent analyst reports. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Akzo Nobel in a research report on Monday, June 29th. The Goldman Sachs Group lowered Akzo Nobel from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 1st. Citigroup began coverage on Akzo Nobel in a report on Friday, June 5th. They set a “buy” rating for the company. Zacks Research upgraded Akzo Nobel from a “strong sell” rating to a “hold” rating in a research note on Monday, June 8th. Finally, Barclays downgraded Akzo Nobel from a “strong-buy” rating to a “hold” rating in a research report on Thursday, March 19th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, Akzo Nobel currently has a consensus rating of “Hold”.

Get Our Latest Research Report on Akzo Nobel

Akzo Nobel Stock Performance

The firm has a 50 day moving average of $21.90 and a 200-day moving average of $21.66. The company has a market cap of $11.26 billion, a P/E ratio of 15.66, a PEG ratio of 2.17 and a beta of 1.18. The company has a quick ratio of 1.35, a current ratio of 1.72 and a debt-to-equity ratio of 0.94.

Akzo Nobel (OTCMKTS:AKZOYGet Free Report) last issued its earnings results on Wednesday, April 22nd. The basic materials company reported $0.35 earnings per share for the quarter, beating analysts’ consensus estimates of $0.30 by $0.05. Akzo Nobel had a return on equity of 13.42% and a net margin of 6.44%.The business had revenue of $2.80 billion during the quarter, compared to analyst estimates of $2.79 billion. As a group, sell-side analysts anticipate that Akzo Nobel NV will post 1.46 EPS for the current fiscal year.

About Akzo Nobel

(Get Free Report)

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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