Akzo Nobel (OTCMKTS:AKZOY) Sees Unusually-High Trading Volume – Should You Buy?

Akzo Nobel NV (OTCMKTS:AKZOY) shares saw unusually-strong trading volume on Wednesday . Approximately 557,154 shares were traded during trading, an increase of 212% from the previous session’s volume of 178,517 shares.The stock last traded at $22.95 and had previously closed at $22.95.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Sanford C. Bernstein lowered shares of Akzo Nobel from a “strong-buy” rating to a “hold” rating in a report on Monday, November 24th. Berenberg Bank raised Akzo Nobel to a “strong-buy” rating in a research report on Monday, October 27th. UBS Group raised Akzo Nobel to a “hold” rating in a research report on Monday. Finally, Zacks Research upgraded Akzo Nobel from a “strong sell” rating to a “hold” rating in a research report on Friday, December 12th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, Akzo Nobel currently has an average rating of “Moderate Buy”.

Akzo Nobel Stock Performance

The company has a current ratio of 1.25, a quick ratio of 0.92 and a debt-to-equity ratio of 0.88. The firm has a market capitalization of $11.81 billion, a price-to-earnings ratio of 229.90, a PEG ratio of 0.94 and a beta of 1.09. The stock has a fifty day moving average price of $22.14 and a 200-day moving average price of $22.76.

Akzo Nobel (OTCMKTS:AKZOY) last posted its earnings results on Wednesday, October 22nd. The basic materials company reported $0.39 earnings per share for the quarter, missing the consensus estimate of $0.40 by ($0.01). The firm had revenue of $2.96 billion during the quarter, compared to the consensus estimate of $2.57 billion. Akzo Nobel had a return on equity of 13.69% and a net margin of 0.53%. As a group, analysts anticipate that Akzo Nobel NV will post 1.52 earnings per share for the current fiscal year.

About Akzo Nobel

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.