Ahold (OTCMKTS:ADRNY) Stock Price Down 6.8% – Time to Sell?

Ahold NV (OTCMKTS:ADRNY)’s stock price dropped 6.8% on Thursday . The company traded as low as €38.04 and last traded at €38.10. Approximately 12,333 shares changed hands during trading, a decline of 89% from the average daily volume of 117,129 shares. The stock had previously closed at €40.87.

Wall Street Analyst Weigh In

ADRNY has been the subject of a number of recent analyst reports. The Goldman Sachs Group lowered Ahold from a “strong-buy” rating to a “neutral” rating in a research report on Monday, June 1st. Royal Bank Of Canada raised Ahold to a “hold” rating in a report on Monday, July 6th. Two analysts have rated the stock with a Strong Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy”.

Ahold Stock Performance

The stock has a market capitalization of $33.69 billion, a P/E ratio of 13.06, a P/E/G ratio of 1.94 and a beta of 0.44. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.46 and a current ratio of 0.77. The business’s fifty day moving average price is €41.32 and its two-hundred day moving average price is €43.72.

Ahold (OTCMKTS:ADRNY) last issued its quarterly earnings results on Wednesday, May 6th. The company reported €0.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of €0.70 by €0.03. Ahold had a return on equity of 16.97% and a net margin of 2.48%.The company had revenue of €26.07 billion during the quarter, compared to the consensus estimate of €26.24 billion. As a group, sell-side analysts forecast that Ahold NV will post 3.15 earnings per share for the current 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.