Akzo Nobel (OTCMKTS:AKZOD) Shares Down 1.2% – Here’s Why

Akzo Nobel (OTCMKTS:AKZOD) shares were down 1.2% during mid-day trading on Wednesday . The stock traded as low as $18.9875 and last traded at $19.02. Approximately 79,142 shares traded hands during trading, an increase of 13% from the average daily volume of 69,955 shares. The stock had previously closed at $19.26.

Akzo Nobel Stock Down 1.2%

The firm has a market cap of $12.99 billion, a P/E ratio of 12.04, a price-to-earnings-growth ratio of 8.70 and a beta of 0.76. The company has a quick ratio of 1.28, a current ratio of 1.46 and a debt-to-equity ratio of 0.35. The firm has a fifty day moving average of $19.56 and a 200-day moving average of $21.49.

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.