Akzo Nobel (OTCMKTS:AKZOD) Stock Price Down 1.5% - Here's Why

Key Points

• Akzo Nobel's shares fell by 1.5%, trading between $21.36 and $21.48, continuing a downward trend from a previous closing of $21.81.
• The company has a market cap of $14.67 billion and notable financial metrics including a P/E ratio of 13.59 and a debt-to-equity ratio of 0.35.
• Akzo Nobel operates internationally in the paints and coatings sector, with offerings in both Decorative Paints and Performance Coatings segments.

Shares of Akzo Nobel (OTCMKTS:AKZOD - Get Free Report) dropped 1.5% during mid-day trading on Tuesday . The company traded as low as $21.36 and last traded at $21.48. Approximately 43,097 shares traded hands during trading, a decline of 38% from the average daily volume of 69,955 shares. The stock had previously closed at $21.81.

Akzo Nobel Price Performance

The stock's 50-day moving average price is $22.60 and its 200-day moving average price is $21.52. The company has a market capitalization of $15.15 billion, a price-to-earnings ratio of 14.04, a price-to-earnings-growth ratio of 8.70 and a beta of 0.76. The company has a quick ratio of 1.28, a current ratio of 1.46 and a debt-to-equity ratio of 0.35.

About Akzo Nobel

Akzo Nobel N.V. operates as a paints and coatings company in the Netherlands and internationally. The company operates through Decorative Paints and Performance Coatings segments. It provides decorative paints, including paints, lacquers, and varnishes; mixing machines, color concepts, and training courses for the building and renovation industry; and specialty coatings for metal, wood, and other building materials.