Akzo Nobel (OTCMKTS:AKZOY) Sees Large Volume Increase - Still a Buy?

Key Points

• Akzo Nobel experienced a significant trading volume increase of 284% on Thursday, with approximately 368,117 shares traded, up from 95,929 shares the previous session.
• The company reported quarterly earnings of $0.43 EPS, falling short of analysts’ estimates of $0.47, but achieved $3.07 billion in revenue, exceeding expectations of $2.67 billion.
• As of the latest data, Akzo Nobel has a market cap of $11.93 billion and a PE ratio of 26.09, reflecting a solid position in the paints and coatings industry.

Akzo Nobel NV (OTCMKTS:AKZOY - Get Free Report) saw unusually-high trading volume on Thursday . Approximately 368,117 shares traded hands during trading, an increase of 284% from the previous session's volume of 95,929 shares.The stock last traded at $23.26 and had previously closed at $23.24.

Akzo Nobel Stock Performance

The company has a market cap of $11.93 billion, a PE ratio of 26.09, a PEG ratio of 0.93 and a beta of 1.10. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.23 and a quick ratio of 0.91. The business has a 50-day moving average of $23.10 and a 200 day moving average of $22.29.

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 for the quarter, compared to analysts' expectations of $2.67 billion. Akzo Nobel had a net margin of 4.08% and a return on equity of 13.63%. Equities research analysts anticipate that Akzo Nobel NV will post 1.52 EPS 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.

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