Akzo Nobel (OTCMKTS:AKZOY) Hits New 52-Week Low – Here’s Why

Akzo Nobel (OTCMKTS:AKZOY)’s stock price reached a new 52-week low during trading on Wednesday . The stock traded as low as $19.05 and last traded at $19.05, with a volume of 122312 shares trading hands. The stock had previously closed at $19.81.

Akzo Nobel Price Performance

The firm has a market capitalization of $9.77 billion, a price-to-earnings ratio of 18.86, a PEG ratio of 0.72 and a beta of 1.26. The company has a current ratio of 1.21, a quick ratio of 0.89 and a debt-to-equity ratio of 0.76. The business has a 50-day moving average price of $21.04 and a two-hundred day moving average price of $21.14.

Akzo Nobel (OTCMKTS:AKZOY) last issued its earnings results on Wednesday, October 23rd. The basic materials company reported $0.42 earnings per share for the quarter, topping the consensus estimate of $0.38 by $0.04. Akzo Nobel had a return on equity of 12.16% and a net margin of 4.47%. The firm had revenue of $2.93 billion for the quarter, compared to analyst estimates of $3.01 billion. As a group, research analysts forecast that Akzo Nobel will post 1.46 EPS for the current year.

Akzo Nobel Cuts Dividend

The company also recently disclosed a dividend, which was paid on Friday, November 15th. Investors of record on Thursday, November 7th were given a $0.1583 dividend. The ex-dividend date was Thursday, November 7th. Akzo Nobel’s dividend payout ratio is presently 21.78%.

Akzo Nobel Company Profile

Akzo Nobel N.V. engages in the production and sale of paints and coatings worldwide. The company operates through two segments: Decorative Paints and Performance Coatings. It offers decorative paints, including paints, lacquers, and varnishes; and a range of mixing machines and color concepts for the building and renovation industry, as well as specialty coatings.