Ahold (OTCMKTS:ADRNY) Shares Pass Below 50-Day Moving Average – Here’s What Happened

Shares of Ahold NV (OTCMKTS:ADRNY) passed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of €46.95 and traded as low as €44.00. Ahold shares last traded at €44.17, with a volume of 75,500 shares trading hands.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on ADRNY. Zacks Research cut Ahold from a “strong-buy” rating to a “hold” rating in a research report on Thursday, March 19th. Wall Street Zen cut Ahold from a “strong-buy” rating to a “buy” rating in a research report on Monday, March 23rd. Two analysts have rated the stock with a Strong Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, Ahold has an average rating of “Buy”.

Ahold Stock Performance

The stock has a fifty day moving average of €46.95 and a 200 day moving average of €43.67. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.42 and a current ratio of 0.71. The company has a market capitalization of $39.18 billion, a PE ratio of 15.08, a PEG ratio of 2.14 and a beta of 0.48.

Ahold (OTCMKTS:ADRNY) last posted its quarterly earnings results on Wednesday, May 6th. The company reported €0.73 EPS for the quarter, topping analysts’ consensus estimates of €0.70 by €0.03. Ahold had a return on equity of 17.29% and a net margin of 2.48%.The company had revenue of €26.07 billion for the quarter, compared to analysts’ expectations of €26.24 billion. As a group, sell-side analysts predict that Ahold NV will post 3.21 earnings per share for the current fiscal year.

Ahold Company Profile

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.