Akzo Nobel (OTCMKTS:AKZOY) Share Price Passes Above 50 Day Moving Average of $20.77

Akzo Nobel (OTCMKTS:AKZOY) shares crossed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $20.77 and traded as high as $22.09. Akzo Nobel shares last traded at $21.74, with a volume of 126,214 shares traded.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group cut shares of Akzo Nobel from a “neutral” rating to a “sell” rating in a research note on Monday, July 1st.

Akzo Nobel Trading Down 2.8 %

The stock has a market cap of $11.14 billion, a price-to-earnings ratio of 23.13, a P/E/G ratio of 0.71 and a beta of 1.29. The business has a 50-day simple moving average of $20.77 and a two-hundred day simple moving average of $22.09. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.06 and a quick ratio of 0.77.

Akzo Nobel (OTCMKTS:AKZOY) last posted its quarterly earnings results on Tuesday, July 23rd. The basic materials company reported $0.38 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.38. Akzo Nobel had a return on equity of 11.95% and a net margin of 4.68%. The business had revenue of $3 billion for the quarter, compared to analysts’ expectations of $2.97 billion. Equities analysts forecast that Akzo Nobel will post 1.48 EPS for the current fiscal year.

Akzo Nobel Company Profile

Akzo Nobel N.V. engages in the production and sale of paints and coatings worldwide. The company operates through two segments: Decorative Paints and Performance Coatings. It offers decorative paints, including paints, lacquers, and varnishes; and a range of mixing machines and color concepts for the building and renovation industry, as well as specialty coatings.