Akzo Nobel (OTCMKTS:AKZOY) Stock Crosses Above 50-Day Moving Average – Here’s What Happened

Shares of Akzo Nobel (OTCMKTS:AKZOY) passed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $20.14 and traded as high as $22.42. Akzo Nobel shares last traded at $22.42, with a volume of 51,741 shares trading hands.

Analyst Ratings Changes

Separately, Barclays restated an “overweight” rating on shares of Akzo Nobel in a research note on Monday, February 3rd.

Akzo Nobel Price Performance

The company has a market cap of $11.50 billion, a price-to-earnings ratio of 23.35, a PEG ratio of 0.67 and a beta of 1.19. The company’s 50 day moving average price is $20.14 and its 200 day moving average price is $20.84. The company has a current ratio of 1.23, a quick ratio of 0.87 and a debt-to-equity ratio of 0.76.

Akzo Nobel (OTCMKTS:AKZOY) last announced its quarterly earnings data on Wednesday, February 5th. The basic materials company reported $0.20 EPS for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.06). Akzo Nobel had a net margin of 4.26% and a return on equity of 12.45%. Equities research analysts forecast that Akzo Nobel will post 1.52 earnings per share for the current year.

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.