Akzo Nobel (OTCMKTS:AKZOY) Sets New 52-Week Low – Here’s What Happened

Akzo Nobel (OTCMKTS:AKZOY)’s share price reached a new 52-week low during mid-day trading on Monday . The company traded as low as $18.17 and last traded at $18.40, with a volume of 198183 shares changing hands. The stock had previously closed at $19.66.

Analyst Ratings Changes

Several equities analysts recently commented on AKZOY shares. The Goldman Sachs Group raised shares of Akzo Nobel from a “sell” rating to a “buy” rating in a research report on Thursday, March 6th. Barclays reaffirmed an “overweight” rating on shares of Akzo Nobel in a research report on Monday, February 3rd.

Akzo Nobel Stock Down 6.4 %

The firm has a 50 day moving average price of $20.68 and a two-hundred day moving average price of $20.83. The firm has a market capitalization of $9.44 billion, a price-to-earnings ratio of 19.17, a price-to-earnings-growth ratio of 0.67 and a beta of 1.13. The company has a current ratio of 1.23, a quick ratio of 0.87 and a debt-to-equity ratio of 0.76.

Akzo Nobel (OTCMKTS:AKZOY) last released its quarterly earnings data on Wednesday, February 5th. The basic materials company reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.26 by ($0.06). Akzo Nobel had a return on equity of 12.45% and a net margin of 4.26%. On average, equities analysts expect that Akzo Nobel will post 1.52 earnings per share for the current fiscal year.

Akzo Nobel Increases Dividend

The business also recently disclosed a dividend, which will be paid on Wednesday, May 14th. Shareholders of record on Wednesday, April 30th will be given a $0.5384 dividend. The ex-dividend date of this dividend is Wednesday, April 30th. This is a positive change from Akzo Nobel’s previous dividend of $0.16. Akzo Nobel’s dividend payout ratio (DPR) is 90.63%.

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.