Ahold (OTCMKTS:ADRNY) Sees Large Volume Increase – Time to Buy?

Ahold NV (OTCMKTS:ADRNY) shares saw an uptick in trading volume on Wednesday . 41,111 shares were traded during trading, a decline of 21% from the previous session’s volume of 52,295 shares.The stock last traded at €39.70 and had previously closed at €39.14.

Analyst Upgrades and Downgrades

Several research firms have weighed in on ADRNY. UBS Group raised shares of Ahold from a “strong sell” rating to a “hold” rating in a research note on Thursday, October 16th. Kepler Capital Markets upgraded Ahold from a “hold” rating to a “strong-buy” rating in a research note on Thursday, November 6th. Zacks Research downgraded Ahold from a “hold” rating to a “strong sell” rating in a research note on Thursday, January 1st. Finally, Jefferies Financial Group upgraded Ahold from a “hold” rating to a “strong-buy” rating in a report on Monday, September 22nd. Three analysts have rated the stock with a Strong Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Buy”.

Ahold Stock Performance

The company’s 50 day simple moving average is €40.80 and its 200 day simple moving average is €40.79. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.42 and a current ratio of 0.70. The stock has a market cap of $35.46 billion, a PE ratio of 15.83, a price-to-earnings-growth ratio of 1.77 and a beta of 0.49.

Ahold (OTCMKTS:ADRNY) last announced its earnings results on Wednesday, November 5th. The company reported €0.78 earnings per share for the quarter. Ahold had a return on equity of 16.23% and a net margin of 2.25%. Analysts expect that Ahold NV will post 2.84 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.