Akzo Nobel (OTCMKTS:AKZOY) Sees Strong Trading Volume – Still a Buy?

Akzo Nobel NV (OTCMKTS:AKZOY) saw an uptick in trading volume on Tuesday . 181,967 shares traded hands during mid-day trading, an increase of 96% from the previous session’s volume of 92,661 shares.The stock last traded at $21.4632 and had previously closed at $21.6150.

Wall Street Analyst Weigh In

AKZOY has been the subject of several analyst reports. Zacks Research downgraded Akzo Nobel from a “hold” rating to a “strong sell” rating in a report on Thursday, November 13th. Sanford C. Bernstein lowered Akzo Nobel from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 24th. Finally, Berenberg Bank raised Akzo Nobel to a “strong-buy” rating in a research note on Monday, October 27th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy”.

Akzo Nobel Stock Down 1.0%

The stock has a fifty day moving average of $22.58 and a two-hundred day moving average of $22.77. The company has a quick ratio of 0.92, a current ratio of 1.25 and a debt-to-equity ratio of 0.88. The stock has a market cap of $10.89 billion, a price-to-earnings ratio of 212.10, a PEG ratio of 0.99 and a beta of 1.10.

Akzo Nobel (OTCMKTS:AKZOY) last released its quarterly earnings data on Wednesday, October 22nd. The basic materials company reported $0.39 EPS for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.01). Akzo Nobel had a return on equity of 13.69% and a net margin of 0.53%.The firm had revenue of $2.96 billion during the quarter, compared to analysts’ expectations of $2.57 billion. As a group, analysts predict that Akzo Nobel NV will post 1.52 EPS for the current fiscal year.

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.