Akzo Nobel (OTCMKTS:AKZOY) Shares Pass Above Fifty Day Moving Average – Here’s What Happened

Akzo Nobel (OTCMKTS:AKZOY) shares passed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $20.14 and traded as high as $22.42. Akzo Nobel shares last traded at $22.42, with a volume of 51,741 shares.

Wall Street Analysts Forecast Growth

Separately, Barclays reiterated an “overweight” rating on shares of Akzo Nobel in a research report on Monday, February 3rd.

Akzo Nobel Trading Up 2.1 %

The stock has a market capitalization of $11.50 billion, a P/E ratio of 23.35, a price-to-earnings-growth ratio of 0.67 and a beta of 1.23. The stock’s fifty day moving average price is $20.14 and its two-hundred day moving average price is $20.83. The company has a current ratio of 1.23, a quick ratio of 0.87 and a debt-to-equity ratio of 0.76.

Akzo Nobel (OTCMKTS:AKZOY) last posted its quarterly earnings results on Wednesday, February 5th. The basic materials company reported $0.20 earnings per share for the quarter, missing the consensus estimate of $0.26 by ($0.06). Akzo Nobel had a return on equity of 12.45% and a net margin of 4.26%. Equities research analysts forecast that Akzo Nobel will post 1.52 EPS for the current year.

About Akzo Nobel

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.