Akzo Nobel (OTCMKTS:AKZOY) Shares Gap Down – What’s Next?

Akzo Nobel NV (OTCMKTS:AKZOY) shares gapped down prior to trading on Tuesday . The stock had previously closed at $23.48, but opened at $22.73. Akzo Nobel shares last traded at $22.96, with a volume of 2,148 shares changing hands.

Analyst Upgrades and Downgrades

Several equities analysts have commented on AKZOY shares. Berenberg Bank upgraded shares of Akzo Nobel to a “strong-buy” rating in a report on Monday, October 27th. Zacks Research upgraded shares of Akzo Nobel from a “strong sell” rating to a “hold” rating in a research note on Friday, December 12th. Finally, Sanford C. Bernstein downgraded shares of Akzo Nobel from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 24th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Akzo Nobel presently has an average rating of “Moderate Buy”.

Akzo Nobel Stock Performance

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 stock has a market cap of $11.67 billion, a P/E ratio of 227.20, a PEG ratio of 0.87 and a beta of 1.09. The stock has a 50-day simple moving average of $22.06 and a 200-day simple moving average of $22.76.

Akzo Nobel (OTCMKTS:AKZOY) last posted its quarterly earnings results on Wednesday, October 22nd. The basic materials company reported $0.39 earnings per share for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.01). The company had revenue of $2.96 billion during the quarter, compared to analyst estimates of $2.57 billion. Akzo Nobel had a net margin of 0.53% and a return on equity of 13.69%. Research analysts forecast that Akzo Nobel NV will post 1.52 earnings per share for the current 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.