Akzo Nobel (OTCMKTS:AKZOY) Shares Cross Below 50 Day Moving Average - Time to Sell?

Key Points

• Akzo Nobel's share price has dropped below its fifty-day moving average of $22.67, trading as low as $21.58 recently.
• The company reported earnings of $0.43 per share, falling short of analysts' expectations, with a revenue of $3.07 billion in the last quarter.
• Akzo Nobel has a market capitalization of $11.20 billion and a current ratio of 1.36, indicating stable short-term financial health.

Akzo Nobel NV (OTCMKTS:AKZOY - Get Free Report) shares passed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $22.67 and traded as low as $21.58. Akzo Nobel shares last traded at $21.81, with a volume of 71,504 shares changing hands.

Akzo Nobel Stock Down 1.5%

The company has a quick ratio of 0.99, a current ratio of 1.36 and a debt-to-equity ratio of 0.86. The company has a market capitalization of $11.03 billion, a price-to-earnings ratio of 24.14, a P/E/G ratio of 0.84 and a beta of 1.06. The stock's fifty day moving average price is $22.67 and its 200-day moving average price is $21.51.

Akzo Nobel (OTCMKTS:AKZOY - Get Free Report) last posted its quarterly earnings data on Tuesday, July 22nd. The basic materials company reported $0.43 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.47 by ($0.04). Akzo Nobel had a net margin of 4.08% and a return on equity of 13.48%. The business had revenue of $3.07 billion during the quarter, compared to analyst estimates of $2.67 billion. On average, sell-side analysts predict that Akzo Nobel NV will post 1.52 earnings per share for the current fiscal year.

Akzo Nobel Company Profile

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.