Akzo Nobel (OTCMKTS:AKZOY) Sees Strong Trading Volume – Time to Buy?

Shares of Akzo Nobel NV (OTCMKTS:AKZOY) saw an uptick in trading volume on Tuesday . 181,967 shares traded hands during mid-day trading, an increase of 96% from the previous session’s volume of 92,661 shares.The stock last traded at $21.4632 and had previously closed at $21.6150.

Analyst Ratings Changes

AKZOY has been the subject of several recent analyst reports. Zacks Research cut Akzo Nobel from a “hold” rating to a “strong sell” rating in a research note on Thursday, November 13th. Sanford C. Bernstein downgraded Akzo Nobel from a “strong-buy” rating to a “hold” rating in a report on Monday, November 24th. Finally, Berenberg Bank upgraded shares of Akzo Nobel to a “strong-buy” rating in a research note on Monday, October 27th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Akzo Nobel presently has an average rating of “Moderate Buy”.

Akzo Nobel Trading Down 0.6%

The company has a current ratio of 1.23, a quick ratio of 0.91 and a debt-to-equity ratio of 0.83. The stock has a market capitalization of $10.98 billion, a PE ratio of 213.70, a P/E/G ratio of 0.95 and a beta of 1.09. The stock has a 50 day moving average price of $22.69 and a 200-day moving average price of $22.79.

Akzo Nobel (OTCMKTS:AKZOY) last posted its 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 net margin of 0.53% and a return on equity of 13.51%. Sell-side analysts expect that Akzo Nobel NV will post 1.52 earnings per share for the current 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.