Akzo Nobel (OTCMKTS:AKZOY) Stock Breaks Below 50-Day Moving Average – Here’s What Happened

Akzo Nobel NV (OTCMKTS:AKZOY – Get Free Report) shares passed below its 50 day moving average during trading on Friday. The stock has a 50 day moving average of $22.97 and traded as low as $21.1401. Akzo Nobel shares last traded at $21.22, with a volume of 86,070 shares.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. Oddo Bhf upgraded shares of Akzo Nobel from a “neutral” rating to an “outperform” rating in a research report on Monday, September 28th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Akzo Nobel in a research note on Monday, June 29th. Finally, Zacks Research raised shares of Akzo Nobel from a “strong sell” rating to a “hold” rating in a research report on Monday, June 8th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold”.

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Akzo Nobel Trading Up 1.1%

The stock has a 50 day moving average of $22.97 and a 200-day moving average of $21.67. The company has a market capitalization of $10.90 billion, a P/E ratio of 14.84, a P/E/G ratio of 1.72 and a beta of 1.16. The company has a current ratio of 1.88, a quick ratio of 1.49 and a debt-to-equity ratio of 1.09.

Akzo Nobel (OTCMKTS:AKZOY – Get Free Report) last released its earnings results on Wednesday, July 22nd. The basic materials company reported $0.41 EPS for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.04). The firm had revenue of $2.95 billion for the quarter, compared to the consensus estimate of $2.96 billion. Akzo Nobel had a return on equity of 12.77% and a net margin of 6.49%. On average, research analysts predict that Akzo Nobel NV will post 1.46 EPS for the current year.

About Akzo Nobel

(Get Free Report)

Akzo Nobel N.V. is a Netherlands-based global paints and coatings company serving customers in the construction, automotive, aerospace, marine, consumer goods, and industrial markets. Its products are used to protect, decorate, and improve the performance of buildings, vehicles, equipment, and manufactured products.

The company offers decorative paints, protective coatings, powder coatings, wood finishes, and specialty coatings. Its portfolio includes well-known brands such as Dulux, Sikkens, International, Interpon, Sadolin, and Hammerite.

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