Akzo Nobel (OTCMKTS:AKZOD) Shares Up 2.4% – Should You Buy?

Akzo Nobel (OTCMKTS:AKZOD)’s stock price shot up 2.4% during trading on Wednesday . The company traded as high as $22.26 and last traded at $22.11. 52,755 shares changed hands during trading, a decline of 25% from the average session volume of 69,955 shares. The stock had previously closed at $21.60.

Akzo Nobel Trading Up 2.4%

The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.28 and a current ratio of 1.46. The stock’s 50-day simple moving average is $20.44 and its 200-day simple moving average is $21.52. The firm has a market capitalization of $15.10 billion, a PE ratio of 13.99, a P/E/G ratio of 8.70 and a beta of 0.76.

Akzo Nobel Company Profile

Akzo Nobel is a Dutch multinational company specializing in the manufacture of paints, coatings and specialty chemicals. Headquartered in Amsterdam, the company operates two core business segments: Decorative Paints and Performance Coatings. Its Decorative Paints division supplies brands such as Dulux, Sikkens and International to professional painters, retailers and DIY consumers. The Performance Coatings unit serves industrial markets including automotive OEM and refinish, marine and protective coatings, powder coatings and specialty polymers for packaging applications.

Tracing its origins to the merger of Akzo and Nobel Industries in 1994, Akzo Nobel draws on a heritage dating back more than a century, including Alfred Nobel’s early work on dynamite and explosives.