Akzo Nobel (OTCMKTS:AKZOY) Sees Unusually-High Trading Volume – Should You Buy?

Akzo Nobel NV (OTCMKTS:AKZOY) shares saw strong trading volume on Thursday . 268,811 shares changed hands during mid-day trading, an increase of 62% from the previous session’s volume of 166,384 shares.The stock last traded at $23.50 and had previously closed at $23.08.

Wall Street Analysts Forecast Growth

AKZOY has been the topic of a number of analyst reports. Zacks Research raised Akzo Nobel from a “strong sell” rating to a “hold” rating in a research report on Monday, June 8th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Akzo Nobel in a research report on Monday, June 29th. Finally, Citigroup began coverage on Akzo Nobel in a research report on Friday, June 5th. They issued a “buy” rating on the stock. One research 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. Based on data from MarketBeat.com, the company presently has an average rating of “Hold”.

Akzo Nobel Stock Performance

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 company has a market cap of $12.09 billion, a P/E ratio of 16.46, a P/E/G ratio of 1.86 and a beta of 1.18. The stock’s fifty day moving average price is $23.03 and its two-hundred day moving average price is $21.69.

Akzo Nobel (OTCMKTS:AKZOY) last announced its quarterly earnings data on Wednesday, July 22nd. The basic materials company reported $0.41 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 the consensus estimate of $2.96 billion. As a group, equities analysts predict that Akzo Nobel NV will post 1.47 earnings per share 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.