Ahold (OTCMKTS:ADRNY) Sees Strong Trading Volume – Still a Buy?

Ahold NV (OTCMKTS:ADRNY) shares saw unusually-high trading volume on Wednesday . Approximately 272,489 shares traded hands during trading, an increase of 183% from the previous session’s volume of 96,226 shares.The stock last traded at €41.75 and had previously closed at €41.20.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the stock. Zacks Research lowered shares of Ahold from a “strong-buy” rating to a “hold” rating in a report on Thursday, March 19th. Wall Street Zen downgraded shares of Ahold from a “strong-buy” rating to a “buy” rating in a research report on Monday, March 23rd. Finally, The Goldman Sachs Group downgraded shares of Ahold from a “strong-buy” rating to a “neutral” rating in a research report on Monday, June 1st. Two research analysts have rated the stock with a Strong Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy”.

Ahold Stock Performance

The company has a current ratio of 0.77, a quick ratio of 0.46 and a debt-to-equity ratio of 0.36. The firm has a market capitalization of $36.98 billion, a price-to-earnings ratio of 14.23, a PEG ratio of 1.98 and a beta of 0.43. The stock’s 50 day moving average price is €45.30 and its two-hundred day moving average price is €43.73.

Ahold (OTCMKTS:ADRNY) last issued its quarterly earnings data on Wednesday, May 6th. The company reported €0.73 EPS for the quarter, beating analysts’ consensus estimates of €0.70 by €0.03. The firm had revenue of €26.07 billion for the quarter, compared to analysts’ expectations of €26.24 billion. Ahold had a net margin of 2.48% and a return on equity of 16.97%. On average, analysts forecast that Ahold NV will post 3.21 EPS for the current year.

Ahold Company Profile

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.