Ahold (OTCMKTS:ADRNY) Trading Down 6.8% – Here’s What Happened

Ahold NV (OTCMKTS:ADRNY) shares fell 6.8% during trading on Thursday . The stock traded as low as €38.04 and last traded at €38.10. 12,333 shares traded hands during trading, a decline of 89% from the average session volume of 117,129 shares. The stock had previously closed at €40.87.

Analyst Upgrades and Downgrades

ADRNY has been the subject of several recent research reports. The Goldman Sachs Group cut Ahold from a “strong-buy” rating to a “neutral” rating in a research note on Monday, June 1st. Royal Bank Of Canada upgraded shares of Ahold to a “hold” rating in a research note on Monday, July 6th. Two equities research analysts have rated the stock with a Strong Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, Ahold has a consensus rating of “Moderate Buy”.

Ahold Price Performance

The company has a market capitalization of $33.61 billion, a PE ratio of 13.03, a P/E/G ratio of 1.81 and a beta of 0.44. The company has a current ratio of 0.77, a quick ratio of 0.46 and a debt-to-equity ratio of 0.36. The stock has a fifty day simple moving average of €41.14 and a 200-day simple moving average of €43.66.

Ahold (OTCMKTS:ADRNY) last released its quarterly earnings data on Wednesday, May 6th. The company reported €0.73 EPS for the quarter, beating analysts’ consensus estimates of €0.70 by €0.03. Ahold had a return on equity of 16.97% and a net margin of 2.48%.The business had revenue of €26.07 billion for the quarter, compared to the consensus estimate of €26.24 billion. Equities analysts anticipate that Ahold NV will post 3.15 earnings per share for the current year.

About Ahold

Ahold Delhaize (often shortened to Ahold) is an international retail grocery group that operates supermarkets, online grocery platforms and related food retail services. The company’s operations span both brick-and-mortar stores and digital channels, offering a mix of fresh foods, packaged groceries, household goods and private-label products. Its business model combines local store networks with centralized purchasing, distribution and supply-chain capabilities to serve everyday consumer needs.

The firm was formed through the 2016 merger of Koninklijke Ahold and Delhaize Group, creating a combined network of banners and ecommerce platforms across multiple geographies.