Akzo Nobel (OTCMKTS:AKZOY) Sees Large Volume Increase – Should You Buy?

Akzo Nobel NV (OTCMKTS:AKZOY) shares saw unusually-strong trading volume on Wednesday . Approximately 670,271 shares traded hands during mid-day trading, an increase of 214% from the previous session’s volume of 213,570 shares.The stock last traded at $19.2977 and had previously closed at $18.64.

Analyst Upgrades and Downgrades

AKZOY has been the subject of a number of research reports. UBS Group upgraded Akzo Nobel to a “hold” rating in a research note on Monday, January 12th. Deutsche Bank Aktiengesellschaft lowered shares of Akzo Nobel from a “buy” rating to a “hold” rating in a report on Tuesday. Zacks Research cut shares of Akzo Nobel from a “hold” rating to a “strong sell” rating in a research report on Wednesday, February 4th. Barclays downgraded shares of Akzo Nobel from a “strong-buy” rating to a “hold” rating in a research note on Thursday, March 19th. Finally, Wall Street Zen cut shares of Akzo Nobel from a “buy” rating to a “hold” rating in a research note on Saturday, March 7th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Akzo Nobel has a consensus rating of “Hold”.

Akzo Nobel Trading Up 3.3%

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 company has a market cap of $9.89 billion, a P/E ratio of 13.66, a P/E/G ratio of 1.26 and a beta of 1.07. The business has a 50-day moving average price of $22.23 and a two-hundred day moving average price of $22.59.

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

Akzo Nobel Company Profile

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.