Akzo Nobel (OTCMKTS:AKZOY) Shares Gap Up – Here’s What Happened

Akzo Nobel NV (OTCMKTS:AKZOY)’s stock price gapped up prior to trading on Wednesday . The stock had previously closed at $20.38, but opened at $24.41. Akzo Nobel shares last traded at $24.51, with a volume of 29,688 shares traded.

Analyst Ratings Changes

A number of analysts have issued reports on the company. Wall Street Zen lowered Akzo Nobel from a “buy” rating to a “hold” rating in a research note on Saturday, March 7th. Zacks Research lowered Akzo Nobel from a “hold” rating to a “strong sell” rating in a research note on Tuesday, May 5th. Barclays lowered Akzo Nobel from a “strong-buy” rating to a “hold” rating in a research note on Thursday, March 19th. The Goldman Sachs Group lowered Akzo Nobel from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 1st. Finally, Deutsche Bank Aktiengesellschaft lowered Akzo Nobel from a “buy” rating to a “hold” rating in a research note on Tuesday, March 24th. One analyst has rated the stock with a Strong Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold”.

Akzo Nobel Stock Up 19.2%

The firm has a market capitalization of $12.48 billion, a price-to-earnings ratio of 17.35, a price-to-earnings-growth ratio of 1.76 and a beta of 1.07. The company has a current ratio of 1.44, a quick ratio of 1.08 and a debt-to-equity ratio of 0.76. The firm has a 50 day moving average price of $19.57 and a two-hundred day moving average price of $21.43.

Akzo Nobel (OTCMKTS:AKZOY) last released its quarterly earnings data on Wednesday, April 22nd. The basic materials company reported $0.35 earnings per share for the quarter, beating the consensus estimate of $0.30 by $0.05. The business had revenue of $2.80 billion for the quarter, compared to analyst estimates of $2.79 billion. Akzo Nobel had a return on equity of 13.96% and a net margin of 6.44%. On average, equities analysts expect that Akzo Nobel NV will post 1.46 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.