Ahold (OTCMKTS:ADRNY) Sees Large Volume Increase – Here’s Why

Ahold NV (OTCMKTS:ADRNY) saw an uptick in trading volume on Wednesday . 682,833 shares changed hands during mid-day trading, an increase of 554% from the previous session’s volume of 104,344 shares.The stock last traded at €40.14 and had previously closed at €40.26.

Wall Street Analyst Weigh In

A number of equities analysts have commented on ADRNY shares. The Goldman Sachs Group downgraded shares of Ahold from a “strong-buy” rating to a “neutral” rating in a research note on Monday, June 1st. Wall Street Zen lowered shares of Ahold from a “strong-buy” rating to a “buy” rating in a research report on Monday, March 23rd. Finally, Zacks Research cut Ahold from a “strong-buy” rating to a “hold” rating in a report on Thursday, March 19th. Two analysts have rated the stock with a Strong Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy”.

Ahold Stock Performance

The stock has a market capitalization of $35.57 billion, a PE ratio of 13.69, a price-to-earnings-growth ratio of 1.98 and a beta of 0.43. The firm’s fifty day moving average is €42.99 and its 200-day moving average is €43.70. The company has a current ratio of 0.77, a quick ratio of 0.46 and a debt-to-equity ratio of 0.36.

Ahold (OTCMKTS:ADRNY) last announced its quarterly earnings results on Wednesday, May 6th. The company reported €0.73 earnings per share for the quarter, beating analysts’ consensus estimates of €0.70 by €0.03. The business had revenue of €26.07 billion during the quarter, compared to analysts’ expectations of €26.24 billion. Ahold had a net margin of 2.48% and a return on equity of 16.97%. As a group, research analysts anticipate that Ahold NV will post 3.17 earnings per share for the current year.

About Ahold

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.