Akzo Nobel (OTCMKTS:AKZOY) Reaches New 1-Year High - What's Next?

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)'s stock price reached a new 52-week high during trading on Wednesday . The stock 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 Trading Up 0.1%

The firm's 50-day moving average is $22.80 and its 200 day moving average is $22.11. 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 market capitalization of $12.41 billion, a price-to-earnings ratio of 27.15, a P/E/G ratio of 0.93 and a beta of 1.07.

Akzo Nobel (OTCMKTS:AKZOY - Get Free Report) last posted its earnings results 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). Akzo Nobel had a return on equity of 13.63% and a net margin of 4.08%.The business had revenue of $3.07 billion for the quarter, compared to analyst estimates of $2.67 billion. On average, equities analysts predict that Akzo Nobel NV will post 1.52 earnings per share for the current fiscal 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.