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

Shares of Akzo Nobel NV (OTCMKTS:AKZOYGet Free Report) saw an uptick in trading volume on Thursday . Approximately 268,811 shares changed hands during mid-day trading, an increase of 62% from the previous session’s volume of 166,384 shares.The stock last traded at $23.50 and had previously closed at $23.08.

Analyst Ratings Changes

AKZOY has been the topic of several research reports. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Akzo Nobel in a report on Monday, June 29th. Citigroup began coverage on shares of Akzo Nobel in a research report on Friday, June 5th. They issued a “buy” rating on the stock. Finally, Zacks Research raised shares of Akzo Nobel from a “strong sell” rating to a “hold” rating in a research note on Monday, June 8th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold”.

Get Our Latest Analysis on Akzo Nobel

Akzo Nobel Stock Performance

The firm has a market capitalization of $12.09 billion, a P/E ratio of 16.46, a price-to-earnings-growth ratio of 1.86 and a beta of 1.18. The company has a 50-day moving average of $23.03 and a 200-day moving average of $21.69. 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:AKZOYGet Free Report) last released its quarterly 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). Akzo Nobel had a net margin of 6.49% and a return on equity of 12.77%. The company had revenue of $2.95 billion during the quarter, compared to the consensus estimate of $2.96 billion. On average, equities analysts anticipate that Akzo Nobel NV will post 1.47 earnings per share 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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