Akzo Nobel (OTCMKTS:AKZOY) Stock Passes Below 50 Day Moving Average – Here’s What Happened

Shares of Akzo Nobel (OTCMKTS:AKZOY) crossed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $20.24 and traded as low as $19.31. Akzo Nobel shares last traded at $19.41, with a volume of 299,084 shares.

Akzo Nobel Trading Down 0.8 %

The stock has a fifty day simple moving average of $20.20 and a 200 day simple moving average of $20.91. The firm has a market capitalization of $9.87 billion, a P/E ratio of 19.06, a PEG ratio of 0.72 and a beta of 1.24. The company has a quick ratio of 0.89, a current ratio of 1.21 and a debt-to-equity ratio of 0.76.

Akzo Nobel (OTCMKTS:AKZOY) last posted its quarterly earnings results on Wednesday, October 23rd. The basic materials company reported $0.42 EPS for the quarter, topping analysts’ consensus estimates of $0.38 by $0.04. Akzo Nobel had a return on equity of 12.16% and a net margin of 4.47%. The company had revenue of $2.93 billion for the quarter, compared to analysts’ expectations of $3.01 billion. As a group, research analysts forecast that Akzo Nobel will post 1.46 EPS for the current year.

Akzo Nobel Cuts Dividend

The company also recently announced a dividend, which was paid on Friday, November 15th. Stockholders of record on Thursday, November 7th were issued a $0.1583 dividend. The ex-dividend date of this dividend was Thursday, November 7th. Akzo Nobel’s dividend payout ratio (DPR) is 21.78%.

Akzo Nobel Company Profile

Akzo Nobel N.V. engages in the production and sale of paints and coatings worldwide. The company operates through two segments: Decorative Paints and Performance Coatings. It offers decorative paints, including paints, lacquers, and varnishes; and a range of mixing machines and color concepts for the building and renovation industry, as well as specialty coatings.