Akzo Nobel (OTCMKTS:AKZOY) Shares Cross Above Fifty Day Moving Average – Time to Sell?

Akzo Nobel NV (OTCMKTS:AKZOY) crossed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $20.97 and traded as high as $22.8480. Akzo Nobel shares last traded at $22.70, with a volume of 64,350 shares changing hands.

Wall Street Analyst Weigh In

AKZOY has been the topic of several recent research reports. Zacks Research raised shares of Akzo Nobel from a “strong sell” rating to a “hold” rating in a report on Monday, June 8th. Barclays lowered Akzo Nobel from a “strong-buy” rating to a “hold” rating in a research note on Thursday, March 19th. Deutsche Bank Aktiengesellschaft cut Akzo Nobel from a “buy” rating to a “hold” rating in a report on Tuesday, March 24th. Wall Street Zen downgraded Akzo Nobel from a “buy” rating to a “hold” rating in a research note on Saturday, March 7th. Finally, The Goldman Sachs Group cut Akzo Nobel from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 1st. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold”.

Akzo Nobel Stock Performance

The business’s 50-day simple moving average is $20.97 and its two-hundred day simple moving average is $21.60. The firm has a market cap of $11.66 billion, a price-to-earnings ratio of 16.21, a P/E/G ratio of 1.97 and a beta of 1.16. The company has a quick ratio of 1.35, a current ratio of 1.72 and a debt-to-equity ratio of 0.94.

Akzo Nobel (OTCMKTS:AKZOY) last issued its quarterly earnings results on Wednesday, April 22nd. The basic materials company reported $0.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.30 by $0.05. Akzo Nobel had a return on equity of 13.42% and a net margin of 6.44%.The company had revenue of $2.80 billion for the quarter, compared to the consensus estimate of $2.79 billion. As a group, sell-side analysts expect that Akzo Nobel NV will post 1.45 earnings per share for the current fiscal year.

Akzo Nobel Company Profile

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.