Akzo Nobel (OTCMKTS:AKZOY) Hits New 52-Week Low – Time to Sell?

Akzo Nobel (OTCMKTS:AKZOY)’s share price reached a new 52-week low during trading on Thursday . The company traded as low as $19.31 and last traded at $19.42, with a volume of 183121 shares traded. The stock had previously closed at $19.62.

Akzo Nobel Price Performance

The business has a fifty day moving average price of $21.85 and a 200 day moving average price of $21.53. The company has a market cap of $9.93 billion, a price-to-earnings ratio of 16.05, a PEG ratio of 0.67 and a beta of 1.30. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.89 and a current ratio of 1.21.

Akzo Nobel (OTCMKTS:AKZOY) last posted its earnings results on Wednesday, October 23rd. The basic materials company reported $0.42 EPS for the quarter, topping analysts’ consensus estimates of $0.38 by $0.04. The firm had revenue of $2.93 billion during the quarter, compared to analysts’ expectations of $3.01 billion. Akzo Nobel had a net margin of 4.47% and a return on equity of 12.16%. As a group, research analysts anticipate that Akzo Nobel will post 1.45 earnings per share for the current year.

Akzo Nobel Cuts Dividend

The business also recently announced a dividend, which was paid on Friday, November 15th. Shareholders of record on Thursday, November 7th were paid a dividend of $0.1583 per share. The ex-dividend date of this dividend was Thursday, November 7th. Akzo Nobel’s payout ratio is presently 22.77%.

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.