Akzo Nobel NV (OTCMKTS:AKZOY) Short Interest Update

Akzo Nobel NV (OTCMKTS:AKZOY – Get Free Report) was the recipient of a large growth in short interest in August. As of August 31st, there was short interest totaling 179,385 shares, a growth of 617.2% from the August 15th total of 25,013 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average trading volume of 313,837 shares, the short-interest ratio is currently 0.6 days.

Akzo Nobel Stock Up 0.8%

Shares of OTCMKTS AKZOY opened at $22.62 on Friday. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.49 and a current ratio of 1.88. Akzo Nobel has a 1 year low of $18.04 and a 1 year high of $25.99. The stock’s 50-day simple moving average is $23.08 and its 200-day simple moving average is $21.67. The firm has a market cap of $11.62 billion, a price-to-earnings ratio of 15.82, a PEG ratio of 1.82 and a beta of 1.18.

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Akzo Nobel (OTCMKTS:AKZOY – Get Free Report) last issued its quarterly earnings data on Wednesday, July 22nd. The basic materials company reported $0.41 earnings per share 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 business had revenue of $2.95 billion for the quarter, compared to analyst estimates of $2.96 billion. As a group, equities analysts anticipate that Akzo Nobel will post 1.47 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts have issued reports on AKZOY shares. Zacks Research raised shares of Akzo Nobel from a “strong sell” rating to a “hold” rating in a research report on Monday, June 8th. Citigroup assumed coverage on shares of Akzo Nobel in a research report on Friday, June 5th. They set a “buy” rating on the stock. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Akzo Nobel in a research note on Monday, June 29th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Akzo Nobel has an average rating of “Hold”.

Read Our Latest Research Report on AKZOY

Akzo Nobel Company Profile

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Akzo Nobel N.V. is a Netherlands-based multinational company that develops, manufactures and markets paints and coatings. Its products are used in residential, commercial and industrial applications, including architectural paints, protective coatings, marine coatings, powder coatings, automotive refinishing products and specialty coatings.

The company’s brand portfolio includes Dulux, International, Sikkens, Interpon and other regional and professional brands. Its coatings are applied to buildings, infrastructure, ships, vehicles, industrial equipment, consumer goods and other surfaces to provide decoration, protection and improved durability.

Akzo Nobel traces its history to the 17th and 18th centuries and took its present form following the 1994 merger of Akzo and Nobel Industries.

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