Akzo Nobel (OTCMKTS:AKZOY) Stock Price Crosses Above Fifty Day Moving Average – Should You Sell?

Akzo Nobel NV (OTCMKTS:AKZOY) shares passed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $22.48 and traded as high as $23.72. Akzo Nobel shares last traded at $23.5550, with a volume of 95,610 shares traded.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on AKZOY. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Akzo Nobel in a report on Monday, June 29th. Citigroup started coverage on Akzo Nobel in a report on Friday, June 5th. They set a “buy” rating for the company. Finally, Zacks Research upgraded Akzo Nobel from a “strong sell” rating to a “hold” rating in a report on Monday, June 8th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold”.

Akzo Nobel Stock Performance

The firm’s 50 day moving average is $22.54 and its 200 day moving average is $21.61. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.49 and a current ratio of 1.88. The stock has a market cap of $11.98 billion, a P/E ratio of 16.31, a price-to-earnings-growth ratio of 1.90 and a beta of 1.18.

Akzo Nobel (OTCMKTS:AKZOY) last announced 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 firm had revenue of $2.95 billion during the quarter, compared to analyst estimates of $2.96 billion. Analysts anticipate that Akzo Nobel NV will post 1.47 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.