Ahold (OTCMKTS:ADRNY) Sets New 52-Week Low – Here’s Why

Ahold NV (OTCMKTS:ADRNY) shares reached a new 52-week low on Friday . The company traded as low as €32.25 and last traded at €39.10, with a volume of 36578 shares. The stock had previously closed at €39.32.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Kepler Capital Markets raised Ahold from a “hold” rating to a “strong-buy” rating in a research note on Thursday, November 6th. Jefferies Financial Group upgraded shares of Ahold from a “hold” rating to a “strong-buy” rating in a research report on Monday, September 22nd. Zacks Research cut shares of Ahold from a “hold” rating to a “strong sell” rating in a research note on Thursday, January 1st. Finally, UBS Group upgraded shares of Ahold from a “strong sell” rating to a “hold” rating in a report on Thursday, October 16th. Three research analysts have rated the stock with a Strong Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Buy”.

Ahold Price Performance

The company has a current ratio of 0.70, a quick ratio of 0.42 and a debt-to-equity ratio of 0.33. The stock has a 50-day simple moving average of €40.90 and a 200 day simple moving average of €40.86. The stock has a market capitalization of $35.33 billion, a price-to-earnings ratio of 15.59, a price-to-earnings-growth ratio of 1.78 and a beta of 0.49.

Ahold (OTCMKTS:ADRNY) last posted its quarterly earnings results on Wednesday, November 5th. The company reported €0.78 EPS for the quarter. Ahold had a net margin of 2.25% and a return on equity of 16.23%. On average, equities research analysts forecast that Ahold NV will post 2.84 EPS for the current fiscal year.

Ahold Company Profile

Ahold Delhaize (often shortened to Ahold) is an international retail grocery group that operates supermarkets, online grocery platforms and related food retail services. The company’s operations span both brick-and-mortar stores and digital channels, offering a mix of fresh foods, packaged groceries, household goods and private-label products. Its business model combines local store networks with centralized purchasing, distribution and supply-chain capabilities to serve everyday consumer needs.

The firm was formed through the 2016 merger of Koninklijke Ahold and Delhaize Group, creating a combined network of banners and ecommerce platforms across multiple geographies.