Akzo Nobel (OTCMKTS:AKZOY) Stock Price Crosses Above 50 Day Moving Average – Time to Sell?

Akzo Nobel NV (OTCMKTS:AKZOY)’s share price crossed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $21.82 and traded as high as $22.13. Akzo Nobel shares last traded at $21.85, with a volume of 84,043 shares.

Analyst Upgrades and Downgrades

AKZOY has been the subject of a number of analyst reports. Barclays lowered shares of Akzo Nobel from a “strong-buy” rating to a “hold” rating in a research report on Thursday, March 19th. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Akzo Nobel in a research report on Monday, June 29th. The Goldman Sachs Group cut shares of Akzo Nobel from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 1st. Zacks Research raised Akzo Nobel from a “strong sell” rating to a “hold” rating in a research note on Monday, June 8th. Finally, Citigroup began coverage on Akzo Nobel in a research note on Friday, June 5th. They set a “buy” rating on the stock. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold”.

Akzo Nobel Price Performance

The company’s 50-day moving average is $21.82 and its 200-day moving average is $21.67. The firm has a market capitalization of $11.22 billion, a price-to-earnings ratio of 15.61, a PEG ratio of 2.17 and a beta of 1.18. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.72 and a quick ratio of 1.35.

Akzo Nobel (OTCMKTS:AKZOY) last issued its quarterly earnings results on Wednesday, April 22nd. The basic materials company reported $0.35 EPS for the quarter, topping the consensus estimate of $0.30 by $0.05. The firm had revenue of $2.80 billion during the quarter, compared to analyst estimates of $2.79 billion. Akzo Nobel had a net margin of 6.44% and a return on equity of 13.42%. On average, research analysts expect that Akzo Nobel NV will post 1.46 earnings per share for the current year.

Akzo Nobel Company Profile

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.