Ahold (OTCMKTS:ADRNY) Sees Unusually-High Trading Volume – Here’s What Happened

Ahold NV (OTCMKTS:ADRNY) shares saw unusually-strong trading volume on Wednesday. Approximately 429,825 shares traded hands during trading, an increase of 241% from the previous session’s volume of 125,953 shares. The stock last traded at €35.62 and had previously closed at €36.83.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on ADRNY shares. Royal Bank Of Canada raised shares of Ahold to a “hold” rating in a report on Monday, July 6th. The Goldman Sachs Group downgraded shares of Ahold from a “strong-buy” rating to a “neutral” rating in a research report on Monday, June 1st. One equities research analyst has rated the stock with a Strong Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold”.

Ahold Price Performance

The stock has a market capitalization of $31.61 billion, a price-to-earnings ratio of 12.17, a P/E/G ratio of 1.78 and a beta of 0.41. The company has a quick ratio of 0.41, a current ratio of 0.71 and a debt-to-equity ratio of 0.34. The stock has a fifty day moving average of €37.48 and a 200-day moving average of €41.90.

Ahold (OTCMKTS:ADRNY) last released its quarterly earnings data on Wednesday, August 5th. The company reported €0.74 earnings per share for the quarter, topping analysts’ consensus estimates of €0.72 by €0.02. Ahold had a net margin of 2.45% and a return on equity of 16.64%. On average, equities research analysts predict that Ahold NV will post 3.15 EPS for the current fiscal year.

About Ahold

Ahold, now known as Koninklijke Ahold Delhaize N.V., is an international food retail and consumer services company formed through the 2016 merger of Dutch retailer Ahold and Belgian retailer Delhaize Group. Its operations focus primarily on supermarkets, convenience stores, online grocery platforms and complementary consumer businesses.

The company serves customers in the United States and Europe through a portfolio of local brands. Its businesses have included Albert Heijn and bol in the Netherlands; Delhaize in Belgium and Luxembourg; and Food Lion, Hannaford, Giant Food and other grocery brands in the United States.