Akzo Nobel (OTCMKTS:AKZOY) Shares Pass Above Fifty Day Moving Average – What’s Next?

Akzo Nobel (OTCMKTS:AKZOY)’s stock price crossed 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 changing hands.

Analysts Set New Price Targets

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

Akzo Nobel Stock Performance

The business has a fifty day moving average of $20.14 and a 200-day moving average of $20.83. The company has a market cap of $11.50 billion, a PE ratio of 23.35, a P/E/G ratio of 0.67 and a beta of 1.23. 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 issued its quarterly earnings data on Wednesday, February 5th. The basic materials company reported $0.20 earnings per share for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.06). Akzo Nobel had a return on equity of 12.45% and a net margin of 4.26%. Equities research analysts anticipate that Akzo Nobel will post 1.52 earnings per share for the current fiscal year.

About Akzo Nobel

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.