Akzo Nobel (OTCMKTS:AKZOY – Get Free Report) was the target of a significant drop in short interest during the month of August. As of August 15th, there was short interest totalling 24,200 shares, a drop of 29.0% from the July 31st total of 34,100 shares. Based on an average trading volume of 482,400 shares, the short-interest ratio is currently 0.1 days.
Akzo Nobel Price Performance
Shares of Akzo Nobel stock opened at $21.28 on Friday. The business’s fifty day moving average price is $20.44 and its 200 day moving average price is $22.43. Akzo Nobel has a twelve month low of $19.40 and a twelve month high of $27.99. The company has a current ratio of 1.06, a quick ratio of 0.77 and a debt-to-equity ratio of 0.70. The stock has a market capitalization of $10.90 billion, a P/E ratio of 22.64, a PEG ratio of 0.66 and a beta of 1.29.
Akzo Nobel (OTCMKTS:AKZOY – Get Free Report) last released its quarterly earnings data on Tuesday, July 23rd. The basic materials company reported $0.38 earnings per share for the quarter, meeting the consensus estimate of $0.38. The business had revenue of $3 billion for the quarter, compared to analyst estimates of $2.97 billion. Akzo Nobel had a return on equity of 11.95% and a net margin of 4.68%. As a group, research analysts anticipate that Akzo Nobel will post 1.49 earnings per share for the current year.
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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.
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