Akzo Nobel (OTCMKTS:AKZOY) Shares Down 15% – Here’s Why

Akzo Nobel NV (OTCMKTS:AKZOY)’s share price was down 15% during trading on Thursday . The stock traded as low as $21.73 and last traded at $21.7970. Approximately 7,562 shares traded hands during trading, a decline of 96% from the average daily volume of 204,943 shares. The stock had previously closed at $25.6550.

Analyst Upgrades and Downgrades

Several analysts have commented on AKZOY shares. Deutsche Bank Aktiengesellschaft cut shares of Akzo Nobel from a “buy” rating to a “hold” rating in a research report on Tuesday, March 24th. The Goldman Sachs Group lowered shares of Akzo Nobel from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 1st. Barclays lowered shares of Akzo Nobel from a “strong-buy” rating to a “hold” rating in a report on Thursday, March 19th. Zacks Research lowered shares of Akzo Nobel from a “hold” rating to a “strong sell” rating in a report on Tuesday, May 5th. Finally, Wall Street Zen lowered shares of Akzo Nobel from a “buy” rating to a “hold” rating in a report on Saturday, March 7th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Akzo Nobel currently has a consensus rating of “Hold”.

Akzo Nobel Stock Up 2.7%

The company has a market cap of $11.21 billion, a price-to-earnings ratio of 15.59, a price-to-earnings-growth ratio of 2.25 and a beta of 1.16. The firm’s fifty day moving average price is $20.24 and its 200-day moving average price is $21.52. The company has a current ratio of 1.44, a quick ratio of 1.08 and a debt-to-equity ratio of 0.76.

Akzo Nobel (OTCMKTS:AKZOY) last announced its earnings results on Wednesday, April 22nd. The basic materials company reported $0.35 earnings per share for the quarter, topping analysts’ consensus estimates of $0.30 by $0.05. The firm had revenue of $2.80 billion during the quarter, compared to analyst estimates of $2.79 billion. Akzo Nobel had a net margin of 6.44% and a return on equity of 13.96%. Sell-side analysts predict that Akzo Nobel NV will post 1.46 earnings per share 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.