Akzo Nobel (OTCMKTS:AKZOY) Share Price Crosses Above 50 Day Moving Average of $20.77

Shares of Akzo Nobel (OTCMKTS:AKZOY) crossed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $20.77 and traded as high as $22.09. Akzo Nobel shares last traded at $21.74, with a volume of 126,214 shares.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group downgraded Akzo Nobel from a “neutral” rating to a “sell” rating in a report on Monday, July 1st.

Akzo Nobel Trading Down 2.8 %

The business’s 50-day moving average price is $20.77 and its 200-day moving average price is $22.08. The firm has a market capitalization of $11.14 billion, a PE ratio of 23.13, a price-to-earnings-growth ratio of 0.71 and a beta of 1.29. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.06 and a quick ratio of 0.77.

Akzo Nobel (OTCMKTS:AKZOY) last issued its quarterly earnings data on Tuesday, July 23rd. The basic materials company reported $0.38 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.38. Akzo Nobel had a net margin of 4.68% and a return on equity of 11.95%. The company had revenue of $3 billion for the quarter, compared to the consensus estimate of $2.97 billion. As a group, analysts expect that Akzo Nobel will post 1.48 earnings per share for the current fiscal 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.