Ahold (OTCMKTS:ADRNY) Shares Pass Below 50-Day Moving Average – Here’s What Happened

Ahold NV (OTCMKTS:ADRNY) passed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of €46.95 and traded as low as €44.00. Ahold shares last traded at €44.17, with a volume of 75,500 shares.

Analyst Ratings Changes

A number of research firms recently commented on ADRNY. Wall Street Zen cut Ahold from a “strong-buy” rating to a “buy” rating in a report on Monday, March 23rd. Zacks Research cut Ahold from a “strong-buy” rating to a “hold” rating in a report on Thursday, March 19th. Two equities research analysts have rated the stock with a Strong Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Buy”.

Ahold Stock Performance

The company has a current ratio of 0.71, a quick ratio of 0.42 and a debt-to-equity ratio of 0.32. The stock has a 50 day simple moving average of €46.95 and a 200-day simple moving average of €43.67. The firm has a market cap of $39.18 billion, a P/E ratio of 15.08, a P/E/G ratio of 2.14 and a beta of 0.48.

Ahold (OTCMKTS:ADRNY) last released its quarterly earnings data 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 17.29% and a net margin of 2.48%.The business had revenue of €26.07 billion for the quarter, compared to the consensus estimate of €26.24 billion. On average, equities research analysts expect that Ahold NV will post 3.21 EPS for the current fiscal 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.