Akzo Nobel (OTCMKTS:AKZOY) Sets New 12-Month Low – Time to Sell?

Akzo Nobel (OTCMKTS:AKZOY)’s stock price reached a new 52-week low during trading on Wednesday . The stock traded as low as $19.05 and last traded at $19.05, with a volume of 122312 shares traded. The stock had previously closed at $19.81.

Akzo Nobel Trading Down 3.8 %

The business has a 50 day simple moving average of $21.04 and a two-hundred day simple moving average of $21.14. The company has a current ratio of 1.21, a quick ratio of 0.89 and a debt-to-equity ratio of 0.76. The stock has a market cap of $9.77 billion, a price-to-earnings ratio of 18.86, a price-to-earnings-growth ratio of 0.72 and a beta of 1.26.

Akzo Nobel (OTCMKTS:AKZOY) last released its earnings results on Wednesday, October 23rd. The basic materials company reported $0.42 EPS for the quarter, beating the consensus estimate of $0.38 by $0.04. The company had revenue of $2.93 billion during the quarter, compared to analysts’ expectations of $3.01 billion. Akzo Nobel had a return on equity of 12.16% and a net margin of 4.47%. As a group, equities analysts anticipate that Akzo Nobel will post 1.46 EPS for the current year.

Akzo Nobel Cuts Dividend

The business also recently announced a dividend, which was paid on Friday, November 15th. Stockholders of record on Thursday, November 7th were given a $0.1583 dividend. The ex-dividend date was Thursday, November 7th. Akzo Nobel’s payout ratio is currently 21.78%.

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.