Akzo Nobel (OTCMKTS:AKZOY) Shares Gap Down – Time to Sell?

Akzo Nobel NV (OTCMKTS:AKZOY)’s stock price gapped down before the market opened on Monday . The stock had previously closed at $23.44, but opened at $21.87. Akzo Nobel shares last traded at $21.91, with a volume of 6,085 shares trading hands.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on AKZOY. Zacks Research downgraded Akzo Nobel from a “hold” rating to a “strong sell” rating in a research report on Wednesday, February 4th. UBS Group upgraded Akzo Nobel to a “hold” rating in a research note on Monday, January 12th. Finally, Sanford C. Bernstein lowered Akzo Nobel from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 24th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Akzo Nobel currently has a consensus rating of “Hold”.

Akzo Nobel Price Performance

The company has a quick ratio of 1.08, a current ratio of 1.44 and a debt-to-equity ratio of 0.76. The firm has a market capitalization of $11.44 billion, a PE ratio of 15.79, a PEG ratio of 1.58 and a beta of 1.08. The stock has a 50-day moving average price of $23.29 and a 200 day moving average price of $22.94.

Akzo Nobel (OTCMKTS:AKZOY) last posted its quarterly earnings data on Tuesday, February 3rd. The basic materials company reported $0.22 EPS for the quarter, missing the consensus estimate of $0.29 by ($0.07). The firm had revenue of $2.80 billion for the quarter, compared to analysts’ expectations of $2.51 billion. Akzo Nobel had a return on equity of 13.73% and a net margin of 6.49%. Equities analysts forecast that Akzo Nobel NV will post 1.52 EPS for the current fiscal year.

About Akzo Nobel

Akzo Nobel N.V. is a Dutch multinational company specializing in paints, coatings and specialty chemicals. Established through the 1994 merger of Akzo and Nobel Industries, the company traces its roots back to chemical and saltpeter production in the Netherlands. Today, Akzo Nobel is recognized as one of the world’s leading coatings manufacturers, serving both decorative and industrial markets.

The company’s business is organized into three principal segments: Decorative Paints, Performance Coatings and Specialty Chemicals.