Ahold (OTCMKTS:ADRNY) Sees Unusually-High Trading Volume – Here’s What Happened

Shares of Ahold NV (OTCMKTS:ADRNY) saw strong trading volume on Thursday . Approximately 154,860 shares traded hands during mid-day trading, an increase of 30% from the previous session’s volume of 119,330 shares.The stock last traded at €37.80 and had previously closed at €36.87.

Wall Street Analysts Forecast Growth

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

Ahold Price Performance

The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.46 and a current ratio of 0.77. The company has a market cap of $33.40 billion, a P/E ratio of 12.86, a P/E/G ratio of 1.80 and a beta of 0.44. The firm’s fifty day moving average is €40.24 and its two-hundred day moving average is €43.66.

Ahold (OTCMKTS:ADRNY) last announced its quarterly earnings data on Wednesday, August 5th. The company reported €0.74 EPS for the quarter, beating the consensus estimate of €0.72 by €0.02. Ahold had a return on equity of 16.70% and a net margin of 2.45%. As a group, analysts anticipate that Ahold NV will post 3.15 earnings per share for the current fiscal year.

Ahold Company Profile

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.