Ahold (OTCMKTS:ADRNY) Stock Crosses Below Fifty Day Moving Average – Time to Sell?

Ahold NV (OTCMKTS:ADRNY)’s stock price passed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of €40.80 and traded as low as €39.73. Ahold shares last traded at €40.03, with a volume of 74,300 shares trading hands.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. Royal Bank Of Canada raised Ahold to a “hold” rating in a report on Monday, July 6th. The Goldman Sachs Group downgraded shares of Ahold from a “strong-buy” rating to a “neutral” rating in a report on Monday, June 1st. Two investment analysts have rated the stock with a Strong Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Ahold presently has a consensus rating of “Moderate Buy”.

Ahold Trading Down 1.9%

The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.46 and a current ratio of 0.77. The stock has a market cap of $34.57 billion, a P/E ratio of 13.40, a P/E/G ratio of 1.90 and a beta of 0.44. The company has a 50-day simple moving average of €40.73 and a 200-day simple moving average of €43.65.

Ahold (OTCMKTS:ADRNY) last announced its earnings results on Wednesday, May 6th. The company reported €0.73 earnings per share for the quarter, beating analysts’ consensus estimates of €0.70 by €0.03. The company had revenue of €26.07 billion during the quarter, compared to analyst estimates of €26.24 billion. Ahold had a return on equity of 16.97% and a net margin of 2.48%. On average, sell-side analysts forecast that Ahold NV will post 3.15 EPS for the current fiscal year.

About Ahold

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.