Akzo Nobel (OTCMKTS:AKZOY) Share Price Passes Below 50 Day Moving Average – Here’s What Happened

Shares of Akzo Nobel (OTCMKTS:AKZOY) passed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $20.24 and traded as low as $19.31. Akzo Nobel shares last traded at $19.41, with a volume of 299,084 shares changing hands.

Akzo Nobel Price Performance

The stock has a market capitalization of $9.95 billion, a P/E ratio of 19.22, a PEG ratio of 0.72 and a beta of 1.26. The company has a 50 day moving average of $20.24 and a 200-day moving average of $20.92. The company has a quick ratio of 0.89, a current ratio of 1.21 and a debt-to-equity ratio of 0.76.

Akzo Nobel (OTCMKTS:AKZOY) last posted its quarterly earnings results on Wednesday, October 23rd. The basic materials company reported $0.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.38 by $0.04. Akzo Nobel had a net margin of 4.47% and a return on equity of 12.16%. The company had revenue of $2.93 billion for the quarter, compared to the consensus estimate of $3.01 billion. Sell-side analysts predict that Akzo Nobel will post 1.46 EPS for the current year.

Akzo Nobel Cuts Dividend

The business also recently announced a dividend, which was paid on Friday, November 15th. Stockholders of record on Thursday, November 7th were issued a dividend of $0.1583 per share. The ex-dividend date was Thursday, November 7th. Akzo Nobel’s dividend payout ratio (DPR) is presently 21.78%.

About Akzo Nobel

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.