Ahold (OTCMKTS:ADRNY) Sees Large Volume Increase – Here’s What Happened

Shares of Ahold NV (OTCMKTS:ADRNY – Get Free Report) saw unusually-high trading volume on Thursday . 154,860 shares traded hands during trading, an increase of 30% from the previous session’s volume of 119,330 shares.The stock last traded at €37.80 and had previously closed at €36.87.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on ADRNY. The Goldman Sachs Group downgraded shares of Ahold from a “strong-buy” rating to a “neutral” rating in a report on Monday, June 1st. Royal Bank Of Canada raised shares of Ahold to a “hold” rating in a research report on Monday, July 6th. Two equities research analysts have rated the stock with a Strong Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy”.

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Ahold Stock Performance

The company has a market capitalization of $33.30 billion, a P/E ratio of 12.82, a PEG ratio of 1.83 and a beta of 0.44. The stock’s fifty day moving average price is €40.11 and its 200-day moving average price is €43.61. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.46 and a current ratio of 0.77.

Ahold (OTCMKTS:ADRNY – Get Free Report) last announced its quarterly earnings results on Wednesday, August 5th. The company reported €0.74 earnings per share for the quarter, topping analysts’ consensus estimates of €0.72 by €0.02. Ahold had a return on equity of 16.70% and a net margin of 2.45%. As a group, research analysts anticipate that Ahold NV will post 3.15 EPS for the current fiscal year.

Ahold Company Profile

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Ahold Delhaize (often shortened to Ahold) is an international retail grocery group that operates supermarkets, online grocery platforms and related food retail services. The company’s operations span both brick-and-mortar stores and digital channels, offering a mix of fresh foods, packaged groceries, household goods and private-label products. Its business model combines local store networks with centralized purchasing, distribution and supply-chain capabilities to serve everyday consumer needs.

The firm was formed through the 2016 merger of Koninklijke Ahold and Delhaize Group, creating a combined network of banners and ecommerce platforms across multiple geographies.

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