Akzo Nobel (OTCMKTS:AKZOD) Trading Up 2.4% – Should You Buy?

Akzo Nobel (OTCMKTS:AKZOD) shares were up 2.4% during trading on Wednesday . The company traded as high as $22.26 and last traded at $22.11. Approximately 52,755 shares traded hands during mid-day trading, a decline of 25% from the average daily volume of 69,955 shares. The stock had previously closed at $21.60.

Akzo Nobel Stock Up 1.4%

The stock’s fifty day moving average is $20.50 and its two-hundred day moving average is $21.53. The stock has a market capitalization of $15.13 billion, a P/E ratio of 14.02, a PEG ratio of 8.70 and a beta of 0.76. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.46 and a quick ratio of 1.28.

About Akzo Nobel

Akzo Nobel is a Dutch multinational company specializing in the manufacture of paints, coatings and specialty chemicals. Headquartered in Amsterdam, the company operates two core business segments: Decorative Paints and Performance Coatings. Its Decorative Paints division supplies brands such as Dulux, Sikkens and International to professional painters, retailers and DIY consumers. The Performance Coatings unit serves industrial markets including automotive OEM and refinish, marine and protective coatings, powder coatings and specialty polymers for packaging applications.

Tracing its origins to the merger of Akzo and Nobel Industries in 1994, Akzo Nobel draws on a heritage dating back more than a century, including Alfred Nobel’s early work on dynamite and explosives.