Akzo Nobel (OTCMKTS:AKZOY) Sees Strong Trading Volume – Here’s Why

Shares of Akzo Nobel NV (OTCMKTS:AKZOY) saw unusually-strong trading volume on Friday . Approximately 815,375 shares traded hands during trading, an increase of 202% from the previous session’s volume of 270,395 shares.The stock last traded at $23.01 and had previously closed at $23.29.

Wall Street Analysts Forecast Growth

AKZOY has been the topic of several research analyst reports. Zacks Research cut shares of Akzo Nobel from a “hold” rating to a “strong sell” rating in a research note on Wednesday. UBS Group upgraded shares of Akzo Nobel to a “hold” rating in a research report on Monday, January 12th. Berenberg Bank raised Akzo Nobel to a “strong-buy” rating in a research note on Monday, October 27th. Finally, Sanford C. Bernstein lowered shares of Akzo Nobel from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 24th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Akzo Nobel has an average rating of “Hold”.

Akzo Nobel Trading Down 1.1%

The business has a 50 day moving average of $22.67 and a 200-day moving average of $22.73. The company has a current ratio of 1.25, a quick ratio of 0.92 and a debt-to-equity ratio of 0.88. The firm has a market capitalization of $11.83 billion, a P/E ratio of 16.33, a PEG ratio of 1.51 and a beta of 1.08.

Akzo Nobel (OTCMKTS:AKZOY) last announced its quarterly earnings results on Tuesday, February 3rd. The basic materials company reported $0.22 earnings per share for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.07). The company had revenue of $2.80 billion during the quarter, compared to the consensus estimate of $2.51 billion. Akzo Nobel had a net margin of 6.49% and a return on equity of 14.05%. Analysts anticipate that Akzo Nobel NV will post 1.52 EPS 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.