Akzo Nobel (OTCMKTS:AKZOY) Hits New 52-Week High - Here's Why

Key Points

• Akzo Nobel's shares reached a new 52-week high of $24.47 on Wednesday, closing at $24.40 with a trading volume of 31,084 shares.
• The company reported a quarterly earnings per share (EPS) of $0.43, missing analysts' expectations of $0.47, but exceeded revenue estimates with $3.07 billion in revenue.
• Akzo Nobel has a market capitalization of $12.42 billion and a P/E ratio of 27.18, reflecting its position in the paints and coatings industry.

Akzo Nobel NV (OTCMKTS:AKZOY - Get Free Report) shares reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $24.47 and last traded at $24.40, with a volume of 31084 shares traded. The stock had previously closed at $24.20.

Akzo Nobel Price Performance

The firm has a market cap of $12.41 billion, a P/E ratio of 27.15, a PEG ratio of 0.93 and a beta of 1.06. The company has a current ratio of 1.23, a quick ratio of 0.91 and a debt-to-equity ratio of 0.83. The firm has a 50-day simple moving average of $22.81 and a 200-day simple moving average of $22.14.

Akzo Nobel (OTCMKTS:AKZOY - Get Free Report) last posted its quarterly earnings data on Tuesday, July 22nd. The basic materials company reported $0.43 EPS for the quarter, missing the consensus estimate of $0.47 by ($0.04). The company had revenue of $3.07 billion for the quarter, compared to analyst estimates of $2.67 billion. Akzo Nobel had a return on equity of 13.63% and a net margin of 4.08%. As a group, analysts forecast that Akzo Nobel NV will post 1.52 EPS for the current year.

About Akzo Nobel

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.