Akzo Nobel (OTCMKTS:AKZOY) Sets New 12-Month Low – Here’s Why

Shares of Akzo Nobel (OTCMKTS:AKZOYGet Free Report) hit a new 52-week low during trading on Monday . The company traded as low as $18.73 and last traded at $19.02, with a volume of 355453 shares. The stock had previously closed at $19.15.

Akzo Nobel Trading Up 2.9 %

The company has a quick ratio of 0.89, a current ratio of 1.21 and a debt-to-equity ratio of 0.76. The firm has a market cap of $10.22 billion, a P/E ratio of 19.72, a PEG ratio of 0.72 and a beta of 1.24. The firm’s fifty day moving average is $19.90 and its two-hundred day moving average is $20.85.

Akzo Nobel (OTCMKTS:AKZOYGet Free Report) last announced its quarterly earnings results on Wednesday, October 23rd. The basic materials company reported $0.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.38 by $0.04. Akzo Nobel had a net margin of 4.47% and a return on equity of 12.16%. The company had revenue of $2.93 billion for the quarter, compared to analysts’ expectations of $3.01 billion. Analysts predict that Akzo Nobel will post 1.46 earnings per share for the current fiscal year.

Akzo Nobel Cuts Dividend

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

Akzo Nobel Company Profile

(Get Free Report)

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.

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