Akzo Nobel (OTCMKTS:AKZOY) Stock Price Passes Below Fifty Day Moving Average of $24.27

Akzo Nobel (OTCMKTS:AKZOY)’s stock price crossed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $24.27 and traded as low as $23.19. Akzo Nobel shares last traded at $23.26, with a volume of 78,548 shares trading hands.

Akzo Nobel Stock Up 1.0 %

The company has a debt-to-equity ratio of 0.70, a current ratio of 1.06 and a quick ratio of 0.77. The firm’s 50 day moving average price is $24.27 and its two-hundred day moving average price is $24.74. The firm has a market cap of $11.92 billion, a price-to-earnings ratio of 24.74, a P/E/G ratio of 0.76 and a beta of 1.27.

Akzo Nobel (OTCMKTS:AKZOY) last posted its quarterly earnings data on Wednesday, February 7th. The basic materials company reported $0.15 earnings per share for the quarter. Akzo Nobel had a return on equity of 11.43% and a net margin of 4.15%. The company had revenue of $2.72 billion during the quarter. As a group, sell-side analysts forecast that Akzo Nobel will post 1.46 earnings per share for the current fiscal year.

Akzo Nobel Increases Dividend

The company also recently disclosed a dividend, which will be paid on Tuesday, May 14th. Stockholders of record on Tuesday, April 30th will be given a $0.4498 dividend. The ex-dividend date is Monday, April 29th. This is a positive change from Akzo Nobel’s previous dividend of $0.11. Akzo Nobel’s payout ratio is currently 24.47%.

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.