Akzo Nobel (OTCMKTS:AKZOY) Sees Large Volume Increase – Here’s What Happened

Akzo Nobel NV (OTCMKTS:AKZOY) shares saw an uptick in trading volume on Friday . 404,278 shares traded hands during mid-day trading, an increase of 149% from the previous session’s volume of 162,102 shares.The stock last traded at $24.03 and had previously closed at $23.87.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on AKZOY. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Akzo Nobel in a research note on Monday, June 29th. Citigroup initiated coverage on Akzo Nobel in a research report on Friday, June 5th. They set a “buy” rating for the company. Finally, Zacks Research raised Akzo Nobel from a “strong sell” rating to a “hold” rating in a research report on Monday, June 8th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and six have issued a Hold rating to the company. According to MarketBeat.com, Akzo Nobel has an average rating of “Hold”.

Akzo Nobel Trading Up 0.6%

The firm has a market cap of $12.34 billion, a P/E ratio of 16.79, a P/E/G ratio of 1.91 and a beta of 1.17. The business’s 50-day moving average is $22.97 and its two-hundred day moving average is $21.69. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.88 and a quick ratio of 1.49.

Akzo Nobel (OTCMKTS:AKZOY) last issued its quarterly earnings results on Wednesday, July 22nd. The basic materials company reported $0.41 EPS for the quarter, missing the consensus estimate of $0.45 by ($0.04). The business had revenue of $2.95 billion for the quarter, compared to the consensus estimate of $2.96 billion. Akzo Nobel had a return on equity of 12.77% and a net margin of 6.49%. As a group, analysts predict that Akzo Nobel NV will post 1.47 earnings per share for the current fiscal 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.