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Akzo Nobel (OTCMKTS:AKZOY) Hits New 52-Week High - Time to Buy?

Akzo Nobel logo with Basic Materials background

Key Points

  • Akzo Nobel reached a new 52-week high of $24.13 during trading, marking a significant increase from its previous close of $23.75.
  • The company's latest quarterly earnings report showed an EPS of $0.43, which was below analysts’ expectations of $0.47, despite revenue surpassing estimates at $3.07 billion.
  • Akzo Nobel has a market capitalization of $12.44 billion and operates in the production of paints and coatings through its segments: Decorative Paints and Performance Coatings.
  • MarketBeat previews the top five stocks to own by October 1st.

Akzo Nobel NV (OTCMKTS:AKZOY - Get Free Report)'s share price hit a new 52-week high on Monday . The stock traded as high as $24.13 and last traded at $24.13, with a volume of 13156 shares changing hands. The stock had previously closed at $23.75.

Akzo Nobel Stock Down 0.1%

The firm has a 50 day simple moving average of $22.75 and a two-hundred day simple moving average of $21.99. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.91 and a current ratio of 1.23. The stock has a market cap of $12.34 billion, a P/E ratio of 17.43, a P/E/G ratio of 0.92 and a beta of 1.07.

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 analysts' consensus estimates of $0.47 by ($0.04). The firm had revenue of $3.07 billion during the quarter, compared to the consensus estimate of $2.67 billion. Akzo Nobel had a return on equity of 13.63% and a net margin of 4.08%. Equities research analysts predict that Akzo Nobel NV will post 1.52 earnings per share for the current year.

About Akzo Nobel

(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.

Further Reading

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