Akzo Nobel (OTCMKTS:AKZOY) Shares Gap Down – Time to Sell?

Shares of Akzo Nobel NV (OTCMKTS:AKZOY) gapped down before the market opened on Wednesday . The stock had previously closed at $25.6550, but opened at $21.05. Akzo Nobel shares last traded at $21.1230, with a volume of 7,596 shares.

Analyst Ratings Changes

Several research analysts have weighed in on the stock. Barclays cut shares of Akzo Nobel from a “strong-buy” rating to a “hold” rating in a report on Thursday, March 19th. Zacks Research downgraded Akzo Nobel from a “hold” rating to a “strong sell” rating in a research report on Tuesday, May 5th. The Goldman Sachs Group lowered Akzo Nobel from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 1st. Wall Street Zen cut Akzo Nobel from a “buy” rating to a “hold” rating in a report on Saturday, March 7th. Finally, Deutsche Bank Aktiengesellschaft lowered Akzo Nobel from a “buy” rating to a “hold” rating in a report on Tuesday, March 24th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Akzo Nobel presently has an average rating of “Hold”.

Akzo Nobel Stock Down 18.6%

The stock’s fifty day simple moving average is $20.04 and its 200-day simple moving average is $21.51. The stock has a market cap of $10.73 billion, a P/E ratio of 14.91, a P/E/G ratio of 2.25 and a beta of 1.16. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.08 and a current ratio of 1.44.

Akzo Nobel (OTCMKTS:AKZOY) last released its quarterly earnings results on Wednesday, April 22nd. The basic materials company reported $0.35 earnings per share for the quarter, beating analysts’ consensus estimates of $0.30 by $0.05. The company had revenue of $2.80 billion during the quarter, compared to the consensus estimate of $2.79 billion. Akzo Nobel had a net margin of 6.44% and a return on equity of 13.96%. As a group, research analysts forecast that Akzo Nobel NV will post 1.46 earnings per share 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.