Akzo Nobel (OTCMKTS:AKZOY) Share Price Passes Below 50-Day Moving Average – What’s Next?

Akzo Nobel (OTCMKTS:AKZOY) passed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $20.24 and traded as low as $19.31. Akzo Nobel shares last traded at $19.41, with a volume of 299,084 shares changing hands.

Akzo Nobel Trading Down 0.8 %

The stock’s fifty day moving average is $20.20 and its 200 day moving average is $20.91. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.89 and a current ratio of 1.21. The stock has a market cap of $9.87 billion, a P/E ratio of 19.06, a P/E/G ratio of 0.72 and a beta of 1.24.

Akzo Nobel (OTCMKTS:AKZOY) last released its earnings results on Wednesday, October 23rd. The basic materials company reported $0.42 earnings per share for the quarter, beating the consensus estimate of $0.38 by $0.04. The firm had revenue of $2.93 billion for the quarter, compared to the consensus estimate of $3.01 billion. Akzo Nobel had a return on equity of 12.16% and a net margin of 4.47%. As a group, equities research analysts predict that Akzo Nobel will post 1.46 earnings per share for the current fiscal year.

Akzo Nobel Cuts Dividend

The company also recently declared a dividend, which was paid on Friday, November 15th. Investors of record on Thursday, November 7th were paid a dividend of $0.1583 per share. The ex-dividend date of this dividend was Thursday, November 7th. Akzo Nobel’s dividend payout ratio is presently 21.78%.

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.