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Akzo Nobel (OTCMKTS:AKZOY) Shares Gap Down - Here's Why

Akzo Nobel logo with Basic Materials background

Shares of Akzo Nobel NV (OTCMKTS:AKZOY - Get Free Report) gapped down prior to trading on Tuesday . 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.

Akzo Nobel Stock Performance

The business has a fifty day moving average price of $22.84 and a 200-day moving average price of $21.30. 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 stock has a market capitalization of $11.60 billion, a P/E ratio of 23.07, a P/E/G ratio of 0.75 and a beta of 1.07.

Akzo Nobel (OTCMKTS:AKZOY - Get Free Report) last issued its quarterly earnings results on Wednesday, April 23rd. The basic materials company reported $0.33 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.30 by $0.03. The firm had revenue of $2.75 billion during the quarter, compared to analyst estimates of $2.64 billion. Akzo Nobel had a return on equity of 13.14% and a net margin of 4.40%. On average, sell-side analysts expect that Akzo Nobel NV will post 1.52 EPS 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.

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