Akzo Nobel (OTCMKTS:AKZOY) Stock Crosses Below 50 Day Moving Average of $23.52

Posted by MarketBeat News on May 22nd, 2024

Akzo Nobel (OTCMKTS:AKZOY – Get Free Report)’s share price passed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $23.52 and traded as low as $23.15. Akzo Nobel shares last traded at $23.47, with a volume of 51,512 shares traded.

Wall Street Analyst Weigh In

Separately, The Goldman Sachs Group upgraded Akzo Nobel from a “sell” rating to a “neutral” rating in a research report on Thursday, April 25th.

Check Out Our Latest Stock Analysis on Akzo Nobel

Akzo Nobel Stock Down 0.4 %

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The stock has a market cap of $12.03 billion, a price-to-earnings ratio of 24.97, a P/E/G ratio of 0.73 and a beta of 1.29. The business has a fifty day moving average of $23.52 and a 200 day moving average of $24.72. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.06 and a quick ratio of 0.77.

Akzo Nobel (OTCMKTS:AKZOY – Get Free Report) last released its quarterly earnings results on Tuesday, April 23rd. The basic materials company reported $0.26 earnings per share for the quarter. The business had revenue of $2.88 billion for the quarter. Akzo Nobel had a net margin of 4.15% and a return on equity of 11.52%. On average, equities analysts predict that Akzo Nobel will post 1.5 earnings per share for the current year.

Akzo Nobel Increases Dividend

The company also recently declared a dividend, which was paid on Tuesday, May 14th. Stockholders of record on Tuesday, April 30th were given a $0.4498 dividend. This is a positive change from Akzo Nobel’s previous dividend of $0.11. The ex-dividend date of this dividend was Monday, April 29th. Akzo Nobel’s dividend payout ratio (DPR) is currently 95.74%.

Akzo Nobel Company Profile

(Get Free Report)

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.