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

Key Points

• Akzo Nobel shares fell below their 50-day moving average of $22.97, trading as low as $21.14 and last changing hands at $21.22 on volume of 86,070 shares.
• Analyst sentiment is mixed but averages to a “Hold” rating: one analyst rates it Strong Buy, two Buy, and six Hold. Recent upgrades came from Zacks Research and Oddo Bhf, while Deutsche Bank maintained its Hold rating.
• Akzo Nobel’s latest quarterly results missed expectations, with EPS of $0.41 versus a $0.45 consensus estimate and revenue of $2.95 billion versus $2.96 billion expected. The company reported a 12.77% return on equity and a 6.49% net margin.

Akzo Nobel NV (OTCMKTS:AKZOY - Get Free Report) shares passed below its 50-day moving average during trading on Friday. The stock has a 50-day moving average of $22.97 and traded as low as $21.1401. Akzo Nobel shares last traded at $21.22, with a volume of 86,070 shares changing hands.

Analyst Ratings Changes

Several brokerages have weighed in on AKZOY. Zacks Research upgraded shares of Akzo Nobel from a "strong sell" rating to a "hold" rating in a research note on Monday, June 8th. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating on shares of Akzo Nobel in a research report on Monday, June 29th. Citigroup initiated coverage on Akzo Nobel in a research note on Friday, June 5th. They set a "buy" rating on the stock. Finally, Oddo Bhf raised Akzo Nobel from a "neutral" rating to an "outperform" rating in a report on Monday. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Hold".

Akzo Nobel Stock Up 1.1%

The stock has a 50-day moving average price of $22.97 and a 200-day moving average price of $21.67. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.88 and a quick ratio of 1.49. The company has a market capitalization of $10.90 billion, a P/E ratio of 14.84, a P/E/G ratio of 1.70 and a beta of 1.16.

Akzo Nobel (OTCMKTS:AKZOY - Get Free Report) last released its quarterly earnings results on Wednesday, July 22nd. The basic materials company reported $0.41 earnings per share (EPS) 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 firm had revenue of $2.95 billion for the quarter, compared to the consensus estimate of $2.96 billion. On average, research analysts predict that Akzo Nobel NV will post 1.46 EPS for the current fiscal year.

About Akzo Nobel

Akzo Nobel N.V. is a Netherlands-based global paints and coatings company serving customers in the construction, automotive, aerospace, marine, consumer goods, and industrial markets. Its products are used to protect, decorate, and improve the performance of buildings, vehicles, equipment, and manufactured products.

The company offers decorative paints, protective coatings, powder coatings, wood finishes, and specialty coatings. Its portfolio includes well-known brands such as Dulux, Sikkens, International, Interpon, Sadolin, and Hammerite.

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