Akzo Nobel (OTCMKTS:AKZOY) Sets New 52-Week Low – Should You Sell?

Shares of Akzo Nobel (OTCMKTS:AKZOY) hit a new 52-week low on Wednesday . The stock traded as low as $19.05 and last traded at $19.05, with a volume of 122312 shares changing hands. The stock had previously closed at $19.81.

Akzo Nobel Price Performance

The company has a current ratio of 1.21, a quick ratio of 0.89 and a debt-to-equity ratio of 0.76. The firm has a fifty day moving average of $20.87 and a two-hundred day moving average of $21.11. The company has a market capitalization of $9.93 billion, a PE ratio of 19.18, a PEG ratio of 0.72 and a beta of 1.26.

Akzo Nobel (OTCMKTS:AKZOY) last released its quarterly earnings data on Wednesday, October 23rd. The basic materials company reported $0.42 earnings per share for the quarter, beating analysts’ consensus estimates of $0.38 by $0.04. Akzo Nobel had a return on equity of 12.16% and a net margin of 4.47%. The firm had revenue of $2.93 billion during the quarter, compared to analyst estimates of $3.01 billion. Research analysts anticipate that Akzo Nobel will post 1.46 EPS 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 issued a dividend of $0.1583 per share. The ex-dividend date of this dividend was Thursday, November 7th. Akzo Nobel’s dividend payout ratio is currently 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.