Akzo Nobel (OTCMKTS:AKZOY) Sees Strong Trading Volume – Should You Buy?

Shares of Akzo Nobel NV (OTCMKTS:AKZOY) saw an uptick in trading volume on Friday . 678,569 shares traded hands during trading, an increase of 334% from the previous session’s volume of 156,324 shares.The stock last traded at $23.10 and had previously closed at $23.69.

Analyst Upgrades and Downgrades

AKZOY has been the subject of several research reports. Sanford C. Bernstein lowered shares of Akzo Nobel from a “strong-buy” rating to a “hold” rating in a report on Monday, November 24th. Berenberg Bank raised Akzo Nobel to a “strong-buy” rating in a research report on Monday, October 27th. UBS Group raised Akzo Nobel to a “hold” rating in a research report on Monday, January 12th. Finally, Zacks Research raised Akzo Nobel from a “strong sell” rating to a “hold” rating in a research note on Friday, December 12th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy”.

Akzo Nobel Stock Down 2.5%

The company has a market cap of $11.87 billion, a P/E ratio of 231.00, a P/E/G ratio of 0.95 and a beta of 1.09. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.25 and a quick ratio of 0.92. The company’s 50-day moving average is $22.46 and its two-hundred day moving average is $22.73.

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.