Akzo Nobel (OTCMKTS:AKZOY) Shares Gap Up – What’s Next?

Shares of Akzo Nobel NV (OTCMKTS:AKZOY) gapped up before the market opened on Friday . The stock had previously closed at $22.11, but opened at $23.29. Akzo Nobel shares last traded at $23.29, with a volume of 951 shares traded.

Akzo Nobel Price Performance

The company has a market capitalization of $12.22 billion, a P/E ratio of 26.73, a P/E/G ratio of 0.91 and a beta of 1.06. The business’s 50-day simple moving average is $22.59 and its 200 day simple moving average is $21.67. The company has a current ratio of 1.23, a quick ratio of 0.99 and a debt-to-equity ratio of 0.83.

Akzo Nobel (OTCMKTS:AKZOY) last announced its quarterly earnings data on Tuesday, July 22nd. The basic materials company reported $0.43 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.47 by ($0.04). Akzo Nobel had a return on equity of 13.63% and a net margin of 4.08%.The business had revenue of $3.07 billion during the quarter, compared to analyst estimates of $2.67 billion. As a group, sell-side analysts anticipate that Akzo Nobel NV will post 1.52 EPS for the current year.

Akzo Nobel Company Profile

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.