Ahold (OTCMKTS:ADRNY) Sees Unusually-High Trading Volume – Time to Buy?

Shares of Ahold NV (OTCMKTS:ADRNYGet Free Report) saw an uptick in trading volume on Wednesday . 429,825 shares were traded during mid-day trading, an increase of 241% from the previous session’s volume of 125,953 shares.The stock last traded at €35.62 and had previously closed at €36.83.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. Royal Bank Of Canada raised Ahold to a “hold” rating in a report on Monday, July 6th. The Goldman Sachs Group cut Ahold from a “strong-buy” rating to a “neutral” rating in a report on Monday, June 1st. One analyst has rated the stock with a Strong Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, Ahold presently has a consensus rating of “Hold”.

Read Our Latest Report on Ahold

Ahold Stock Performance

The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.41 and a current ratio of 0.71. The company has a market capitalization of $31.36 billion, a P/E ratio of 12.07, a P/E/G ratio of 1.78 and a beta of 0.41. The business’s fifty day simple moving average is €37.70 and its 200-day simple moving average is €42.07.

Ahold (OTCMKTS:ADRNYGet Free Report) last released its quarterly earnings data on Wednesday, August 5th. The company reported €0.74 EPS for the quarter, beating the consensus estimate of €0.72 by €0.02. Ahold had a net margin of 2.45% and a return on equity of 16.64%. As a group, equities analysts anticipate that Ahold NV will post 3.15 earnings per share for the current fiscal year.

Ahold Company Profile

(Get Free Report)

Ahold, now known as Koninklijke Ahold Delhaize N.V., is an international food retail and consumer services company formed through the 2016 merger of Dutch retailer Ahold and Belgian retailer Delhaize Group. Its operations focus primarily on supermarkets, convenience stores, online grocery platforms and complementary consumer businesses.

The company serves customers in the United States and Europe through a portfolio of local brands. Its businesses have included Albert Heijn and bol in the Netherlands; Delhaize in Belgium and Luxembourg; and Food Lion, Hannaford, Giant Food and other grocery brands in the United States.

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