Akzo Nobel (OTCMKTS:AKZOY) Stock Price Down 15% – What’s Next?

Akzo Nobel NV (OTCMKTS:AKZOY)’s share price was down 15% during trading on Thursday . The stock traded as low as $21.73 and last traded at $21.7970. Approximately 7,562 shares changed hands during mid-day trading, a decline of 96% from the average daily volume of 204,943 shares. The stock had previously closed at $25.6550.

Analyst Upgrades and Downgrades

AKZOY has been the topic of a number of recent research reports. Citigroup initiated coverage on Akzo Nobel in a research report on Friday. They set a “buy” rating on the stock. The Goldman Sachs Group downgraded Akzo Nobel from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 1st. Wall Street Zen downgraded Akzo Nobel from a “buy” rating to a “hold” rating in a research report on Saturday, March 7th. Barclays downgraded Akzo Nobel from a “strong-buy” rating to a “hold” rating in a research report on Thursday, March 19th. Finally, Deutsche Bank Aktiengesellschaft downgraded Akzo Nobel from a “buy” rating to a “hold” rating in a research report on Tuesday, March 24th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold”.

Akzo Nobel Stock Up 0.1%

The company has a current ratio of 1.44, a quick ratio of 1.08 and a debt-to-equity ratio of 0.76. The business has a 50-day moving average price of $20.35 and a 200-day moving average price of $21.52. The firm has a market cap of $11.22 billion, a P/E ratio of 15.61, a P/E/G ratio of 1.92 and a beta of 1.16.

Akzo Nobel (OTCMKTS:AKZOY) last issued its quarterly earnings data on Wednesday, April 22nd. The basic materials company reported $0.35 earnings per share for the quarter, topping analysts’ consensus estimates of $0.30 by $0.05. The firm had revenue of $2.80 billion during the quarter, compared to analysts’ expectations of $2.79 billion. Akzo Nobel had a return on equity of 13.96% and a net margin of 6.44%. On average, equities analysts forecast that Akzo Nobel NV will post 1.46 EPS for the current fiscal year.

About Akzo Nobel

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.