Akzo Nobel (OTCMKTS:AKZOY) Share Price Breaks Below 50 Day Moving Average - Should You Sell?

Key Points

• Akzo Nobel shares fell below their 50-day moving average, trading as low as $21.31 and last changing hands at $21.43, compared with a 50-day average of $23.01.
• Analyst sentiment is broadly neutral: the consensus rating is Hold, with six analysts at Hold, one at Buy, and one at Strong Buy. Citigroup initiated coverage with a Buy rating, while Zacks upgraded the stock from Strong Sell to Hold.
• The company slightly missed quarterly expectations, reporting adjusted earnings of $0.41 per share versus $0.45 expected and revenue of $2.95 billion versus $2.96 billion forecast. Akzo Nobel reported a 6.49% net margin and analysts expect full-year earnings of $1.47 per share.

Akzo Nobel NV (OTCMKTS:AKZOY - Get Free Report) passed below its 50-day moving average during trading on Thursday. The stock has a 50-day moving average of $23.01 and traded as low as $21.31. Akzo Nobel shares last traded at $21.43, with a volume of 121,978 shares trading hands.

Analyst Upgrades and Downgrades

Several brokerages have commented on AKZOY. Zacks Research upgraded shares of Akzo Nobel from a "strong sell" rating to a "hold" rating in a report on Monday, June 8th. Deutsche Bank Aktiengesellschaft reissued a "hold" rating on shares of Akzo Nobel in a research report on Monday, June 29th. Finally, Citigroup assumed coverage on Akzo Nobel in a research note on Friday, June 5th. They issued a "buy" rating for the company. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold".

Akzo Nobel Stock Down 0.4%

The stock's 50 day simple moving average is $23.01 and its two-hundred day simple moving average is $21.62. The firm has a market cap of $11.01 billion, a P/E ratio of 14.99, a P/E/G ratio of 1.76 and a beta of 1.18. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.88 and a quick ratio of 1.49.

Akzo Nobel (OTCMKTS:AKZOY - Get Free Report) last posted its quarterly earnings results on Wednesday, July 22nd. The basic materials company reported $0.41 earnings per share for the quarter, missing the consensus estimate of $0.45 by ($0.04). Akzo Nobel had a return on equity of 12.77% and a net margin of 6.49%.The company had revenue of $2.95 billion during the quarter, compared to analysts' expectations of $2.96 billion. As a group, research analysts forecast that Akzo Nobel NV will post 1.47 earnings per share for the current year.

Akzo Nobel Company Profile

Akzo Nobel N.V. is a Netherlands-based multinational company that develops, manufactures and markets paints and coatings. Its products are used in residential, commercial and industrial applications, including architectural paints, protective coatings, marine coatings, powder coatings, automotive refinishing products and specialty coatings.

The company's brand portfolio includes Dulux, International, Sikkens, Interpon and other regional and professional brands. Its coatings are applied to buildings, infrastructure, ships, vehicles, industrial equipment, consumer goods and other surfaces to provide decoration, protection and improved durability.

Akzo Nobel traces its history to the 17th and 18th centuries and took its present form following the 1994 merger of Akzo and Nobel Industries.

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