Akzo Nobel (OTCMKTS:AKZOY) Shares Gap Down – Here’s What Happened

Akzo Nobel NV (OTCMKTS:AKZOY) gapped down prior to trading on Monday . The stock had previously closed at $23.44, but opened at $21.87. Akzo Nobel shares last traded at $21.91, with a volume of 6,085 shares traded.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. Sanford C. Bernstein cut Akzo Nobel from a “strong-buy” rating to a “hold” rating in a report on Monday, November 24th. UBS Group upgraded Akzo Nobel to a “hold” rating in a research report on Monday, January 12th. Finally, Zacks Research cut shares of Akzo Nobel from a “hold” rating to a “strong sell” rating in a report on Wednesday, February 4th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold”.

Akzo Nobel Price Performance

The firm has a fifty day moving average of $23.29 and a two-hundred day moving average of $22.94. The stock has a market capitalization of $11.44 billion, a P/E ratio of 15.79, a P/E/G ratio of 1.58 and a beta of 1.08. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.44 and a quick ratio of 1.08.

Akzo Nobel (OTCMKTS:AKZOY) last issued its earnings results on Tuesday, February 3rd. The basic materials company reported $0.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.29 by ($0.07). Akzo Nobel had a return on equity of 13.73% and a net margin of 6.49%.The business had revenue of $2.80 billion for the quarter, compared to the consensus estimate of $2.51 billion. On average, analysts predict that Akzo Nobel NV will post 1.52 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.