Akzo Nobel (OTCMKTS:AKZOY) Sees Unusually-High Trading Volume – Here’s Why

Akzo Nobel NV (OTCMKTS:AKZOY) saw strong trading volume on Thursday . 525,599 shares were traded during trading, an increase of 124% from the previous session’s volume of 234,201 shares.The stock last traded at $18.80 and had previously closed at $18.84.

Analyst Ratings Changes

Several research firms have issued reports on AKZOY. Deutsche Bank Aktiengesellschaft downgraded Akzo Nobel from a “buy” rating to a “hold” rating in a report on Tuesday, March 24th. Zacks Research downgraded shares of Akzo Nobel from a “hold” rating to a “strong sell” rating in a research report on Wednesday, February 4th. Wall Street Zen downgraded shares of Akzo Nobel from a “buy” rating to a “hold” rating in a research report on Saturday, March 7th. UBS Group raised shares of Akzo Nobel to a “hold” rating in a research note on Monday, January 12th. Finally, Barclays downgraded shares of Akzo Nobel from a “strong-buy” rating to a “hold” rating in a research note on Thursday, March 19th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold”.

Akzo Nobel Trading Down 0.2%

The company has a market cap of $9.65 billion, a PE ratio of 13.33, a PEG ratio of 1.29 and a beta of 1.12. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.08 and a current ratio of 1.44. The company has a 50 day simple moving average of $21.75 and a two-hundred day simple moving average of $22.39.

Akzo Nobel (OTCMKTS:AKZOY) last posted its quarterly earnings results on Tuesday, February 3rd. The basic materials company reported $0.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.07). Akzo Nobel had a return on equity of 13.73% and a net margin of 6.49%.The company had revenue of $2.80 billion during the quarter, compared to analysts’ expectations of $2.51 billion. Sell-side analysts forecast that Akzo Nobel NV will post 1.52 EPS for the current year.

Akzo Nobel Company Profile

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.