Akzo Nobel NV (OTCMKTS:AKZOY) was the recipient of a large decrease in short interest in August. As of August 31st, there was short interest totalling 10,600 shares, a decrease of 41.1% from the August 15th total of 18,000 shares. Based on an average trading volume of 29,300 shares, the days-to-cover ratio is presently 0.4 days.
OTCMKTS AKZOY traded down $0.61 during trading hours on Wednesday, hitting $33.43. The company’s stock had a trading volume of 26,874 shares, compared to its average volume of 16,922. Akzo Nobel has a 12 month low of $16.47 and a 12 month high of $34.54. The company’s 50 day simple moving average is $32.65 and its two-hundred day simple moving average is $27.94. The company has a market cap of $19.41 billion, a P/E ratio of 36.74, a price-to-earnings-growth ratio of 1.01 and a beta of 1.10. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.63 and a quick ratio of 1.22.
Akzo Nobel (OTCMKTS:AKZOY) last released its quarterly earnings data on Wednesday, July 22nd. The basic materials company reported $0.29 EPS for the quarter, topping the consensus estimate of $0.28 by $0.01. Akzo Nobel had a return on equity of 9.64% and a net margin of 5.60%. The company had revenue of $2.19 billion during the quarter. As a group, research analysts predict that Akzo Nobel will post 1.41 earnings per share for the current fiscal year.
AKZOY has been the subject of several recent analyst reports. Morgan Stanley reiterated an “overweight” rating on shares of Akzo Nobel in a research note on Friday, July 24th. ING Group upgraded shares of Akzo Nobel from a “hold” rating to a “buy” rating in a research report on Monday, June 15th. Barclays restated an “overweight” rating on shares of Akzo Nobel in a research report on Tuesday, August 11th. Zacks Investment Research downgraded shares of Akzo Nobel from a “hold” rating to a “sell” rating in a report on Friday, June 19th. Finally, Berenberg Bank reissued a “buy” rating on shares of Akzo Nobel in a report on Friday, July 24th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have given a buy rating to the stock. Akzo Nobel presently has an average rating of “Buy” and an average price target of $26.00.
About Akzo Nobel
Akzo Nobel N.V. operates as a paints and coatings company worldwide. The company offers decorative paints, including paints, lacquers, and varnishes; a range of mixing machines and color concepts for the building and renovation industry; and specialty coatings for metal, wood, and other building materials primarily under the Dulux, Coral, Levis, and Flexa brands.
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