Akzo Nobel (OTCMKTS:AKZOY) Sees Large Volume Increase – What’s Next?

Akzo Nobel NV (OTCMKTS:AKZOY) shares saw unusually-strong trading volume on Wednesday . 663,055 shares traded hands during trading, an increase of 284% from the previous session’s volume of 172,797 shares.The stock last traded at $22.93 and had previously closed at $23.37.

Analyst Upgrades and Downgrades

AKZOY has been the topic of several research analyst reports. Zacks Research raised shares of Akzo Nobel from a “strong sell” rating to a “hold” rating in a research report on Monday, June 8th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Akzo Nobel in a research note on Monday, June 29th. Finally, Citigroup started coverage on shares of Akzo Nobel in a research note on Friday, June 5th. They set a “buy” rating for the company. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold”.

Akzo Nobel Trading Down 2.0%

The firm’s 50 day simple moving average is $23.08 and its 200-day simple moving average is $21.67. The company has a market capitalization of $11.77 billion, a PE ratio of 16.02, a P/E/G ratio of 1.89 and a beta of 1.18. The company has a quick ratio of 1.49, a current ratio of 1.88 and a debt-to-equity ratio of 1.09.

Akzo Nobel (OTCMKTS:AKZOY) last posted its earnings results on Wednesday, July 22nd. The basic materials company reported $0.41 earnings per share for the quarter, missing the consensus estimate of $0.45 by ($0.04). Akzo Nobel had a net margin of 6.49% and a return on equity of 12.77%. The business had revenue of $2.95 billion for the quarter, compared to analyst estimates of $2.96 billion. As a group, equities research analysts anticipate that Akzo Nobel NV will post 1.47 EPS for the current year.

About Akzo Nobel

Akzo Nobel N.V. is a Dutch multinational company specializing in paints, coatings and specialty chemicals. Established through the 1994 merger of Akzo and Nobel Industries, the company traces its roots back to chemical and saltpeter production in the Netherlands. Today, Akzo Nobel is recognized as one of the world’s leading coatings manufacturers, serving both decorative and industrial markets.

The company’s business is organized into three principal segments: Decorative Paints, Performance Coatings and Specialty Chemicals.