Akzo Nobel (OTCMKTS:AKZOY) Sees Large Volume Increase - Here's What Happened

Key Points

• Trading volume surged 214% to 670,271 shares on Wednesday, and the stock was up about 3.3% (last trade $19.2977 vs prior close $18.64).
• Multiple analysts have downgraded AKZOY from buy/strong-buy to hold (and one to sell), leaving a MarketBeat consensus rating of "Hold" (1 Strong Buy, 4 Hold, 1 Sell).
• Akzo Nobel's latest quarter showed an EPS miss ($0.22 vs $0.29 estimate) but a revenue beat ($2.80B vs $2.51B); the company has a market cap of $9.89B and a P/E of 13.66.

Shares of Akzo Nobel NV (OTCMKTS:AKZOY - Get Free Report) saw an uptick in trading volume on Wednesday . 670,271 shares traded hands during trading, an increase of 214% from the previous session's volume of 213,570 shares.The stock last traded at $19.2977 and had previously closed at $18.64.

Analyst Ratings Changes

A number of analysts recently weighed in on AKZOY shares. UBS Group raised shares of Akzo Nobel to a "hold" rating in a research note on Monday, January 12th. Barclays downgraded Akzo Nobel from a "strong-buy" rating to a "hold" rating in a report on Thursday, March 19th. Wall Street Zen lowered Akzo Nobel from a "buy" rating to a "hold" rating in a research note on Saturday, March 7th. Deutsche Bank Aktiengesellschaft cut Akzo Nobel from a "buy" rating to a "hold" rating in a report on Tuesday. Finally, Zacks Research downgraded Akzo Nobel from a "hold" rating to a "strong sell" rating in a research report on Wednesday, February 4th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold".

Akzo Nobel Stock Up 3.3%

The firm has a market cap of $9.89 billion, a price-to-earnings ratio of 13.66, a PEG ratio of 1.26 and a beta of 1.07. The business's 50-day moving average is $22.23 and its 200-day moving average is $22.59. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.08 and a current ratio of 1.44.

Akzo Nobel (OTCMKTS:AKZOY - Get Free Report) last issued its quarterly earnings data on Tuesday, February 3rd. The basic materials company reported $0.22 earnings per share for the quarter, missing the consensus estimate of $0.29 by ($0.07). Akzo Nobel had a return on equity of 13.73% and a net margin of 6.49%.The firm had revenue of $2.80 billion for the quarter, compared to the consensus estimate of $2.51 billion. On average, equities analysts predict that Akzo Nobel NV will post 1.52 EPS for the current year.

Akzo Nobel Company Profile

Akzo Nobel N.V. is a Dutch multinational company specializing in paints, coatings and specialty chemicals. Established through the 1994 merger of Akzo and Nobel Industries, the company traces its roots back to chemical and saltpeter production in the Netherlands. Today, Akzo Nobel is recognized as one of the world's leading coatings manufacturers, serving both decorative and industrial markets.

The company's business is organized into three principal segments: Decorative Paints, Performance Coatings and Specialty Chemicals.

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