Akzo Nobel (OTCMKTS:AKZOY) Stock Price Passes Below 50-Day Moving Average – What’s Next?

Shares of Akzo Nobel NV (OTCMKTS:AKZOY) passed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $22.27 and traded as low as $21.65. Akzo Nobel shares last traded at $21.83, with a volume of 113,914 shares traded.

Analysts Set New Price Targets

A number of equities research analysts have commented on the stock. Berenberg Bank raised shares of Akzo Nobel to a “strong-buy” rating in a research report on Monday, October 27th. Zacks Research cut Akzo Nobel from a “hold” rating to a “strong sell” rating in a research report on Thursday, November 13th. Finally, Sanford C. Bernstein lowered shares of Akzo Nobel from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 24th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy”.

Akzo Nobel Stock Up 1.5%

The company has a market capitalization of $11.38 billion, a PE ratio of 221.50, a price-to-earnings-growth ratio of 1.02 and a beta of 1.10. The company’s fifty day moving average is $22.24 and its 200-day moving average is $22.71. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.92 and a current ratio of 1.25.

Akzo Nobel (OTCMKTS:AKZOY) last posted its quarterly earnings results on Wednesday, October 22nd. The basic materials company reported $0.39 earnings per share for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.01). The firm had revenue of $2.96 billion during the quarter, compared to the consensus estimate of $2.57 billion. Akzo Nobel had a return on equity of 13.69% and a net margin of 0.53%. As a group, analysts predict that Akzo Nobel NV will post 1.52 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.