Akzo Nobel (OTCMKTS:AKZOY) Stock Crosses Above 50-Day Moving Average – Time to Sell?

Akzo Nobel (OTCMKTS:AKZOY) crossed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $19.85 and traded as high as $20.24. Akzo Nobel shares last traded at $20.08, with a volume of 59,249 shares trading hands.

Wall Street Analyst Weigh In

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

Akzo Nobel Price Performance

The company has a quick ratio of 0.87, a current ratio of 1.23 and a debt-to-equity ratio of 0.76. The firm’s 50-day moving average is $19.84 and its 200-day moving average is $20.75. The company has a market cap of $10.30 billion, a PE ratio of 20.92, a PEG ratio of 0.67 and a beta of 1.23.

Akzo Nobel (OTCMKTS:AKZOY) last announced its quarterly earnings results on Wednesday, February 5th. The basic materials company reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.26 by ($0.06). Akzo Nobel had a net margin of 4.26% and a return on equity of 12.45%. On average, equities analysts anticipate that Akzo Nobel will post 1.52 EPS 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.