Ahold (OTCMKTS:ADRNY) Shares Down 6.8% – What’s Next?

Ahold NV (OTCMKTS:ADRNY)’s share price dropped 6.8% on Thursday . The stock traded as low as €38.04 and last traded at €38.10. Approximately 12,333 shares changed hands during trading, a decline of 89% from the average session volume of 117,129 shares. The stock had previously closed at €40.87.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on ADRNY shares. The Goldman Sachs Group cut shares of Ahold from a “strong-buy” rating to a “neutral” rating in a research report on Monday, June 1st. Royal Bank Of Canada raised Ahold to a “hold” rating in a report on Monday, July 6th. Two equities research analysts have rated the stock with a Strong Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, Ahold has an average rating of “Moderate Buy”.

Ahold Price Performance

The firm has a 50-day simple moving average of €41.32 and a two-hundred day simple moving average of €43.72. 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 company has a market capitalization of $33.69 billion, a price-to-earnings ratio of 13.06, a P/E/G ratio of 1.94 and a beta of 0.44.

Ahold (OTCMKTS:ADRNY) last announced its quarterly earnings results on Wednesday, May 6th. The company reported €0.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of €0.70 by €0.03. Ahold had a return on equity of 16.97% and a net margin of 2.48%.The company had revenue of €26.07 billion during the quarter, compared to the consensus estimate of €26.24 billion. As a group, analysts predict that Ahold NV will post 3.15 earnings per share for the current fiscal year.

About Ahold

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.