Akzo Nobel NV (OTCMKTS:AKZOY - Get Free Report) shares gapped down prior to trading on Tuesday following a dissappointing earnings announcement. The stock had previously closed at $23.05, but opened at $22.30. Akzo Nobel shares last traded at $22.54, with a volume of 32,624 shares changing hands.
The basic materials company reported $0.43 EPS for the quarter, missing analysts' consensus estimates of $0.47 by ($0.04). The company had revenue of $3.07 billion during the quarter, compared to analyst estimates of $2.67 billion. Akzo Nobel had a return on equity of 13.48% and a net margin of 4.08%.
Akzo Nobel Stock Up 1.1%
The stock's fifty day moving average price is $22.89 and its 200 day moving average price is $21.37. The stock has a market cap of $11.82 billion, a P/E ratio of 25.90, a price-to-earnings-growth ratio of 0.87 and a beta of 1.07. The company has a current ratio of 1.36, a quick ratio of 0.99 and a debt-to-equity ratio of 0.86.
Akzo Nobel Company Profile
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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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