Akzo Nobel (OTCMKTS:AKZOY) Stock Price Crosses Below Fifty Day Moving Average – What’s Next?

Akzo Nobel (OTCMKTS:AKZOY)’s share price crossed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $20.24 and traded as low as $19.31. Akzo Nobel shares last traded at $19.41, with a volume of 299,084 shares.

Akzo Nobel Stock Performance

The firm has a market cap of $9.95 billion, a price-to-earnings ratio of 19.22, a PEG ratio of 0.72 and a beta of 1.26. The stock’s fifty day moving average is $20.24 and its two-hundred day moving average is $20.92. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.89 and a current ratio of 1.21.

Akzo Nobel (OTCMKTS:AKZOY) last announced its quarterly 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 for the quarter, compared to analyst estimates of $3.01 billion. Akzo Nobel had a net margin of 4.47% and a return on equity of 12.16%. On average, analysts expect that Akzo Nobel will post 1.46 earnings per share for the current fiscal year.

Akzo Nobel Cuts Dividend

The firm also recently declared a dividend, which was paid on Friday, November 15th. Shareholders of record on Thursday, November 7th were given a dividend of $0.1583 per share. The ex-dividend date was Thursday, November 7th. Akzo Nobel’s dividend payout ratio (DPR) is presently 21.78%.

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.