Akzo Nobel (OTCMKTS:AKZOY) Sets New 52-Week Low at $20.05

Shares of Akzo Nobel (OTCMKTS:AKZOY) hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as $20.05 and last traded at $20.05, with a volume of 63551 shares. The stock had previously closed at $20.42.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group lowered shares of Akzo Nobel from a “neutral” rating to a “sell” rating in a research report on Monday, July 1st.

Akzo Nobel Price Performance

The company has a quick ratio of 0.77, a current ratio of 1.06 and a debt-to-equity ratio of 0.70. The company has a market capitalization of $10.60 billion, a price-to-earnings ratio of 22.00, a price-to-earnings-growth ratio of 0.63 and a beta of 1.30. The stock’s 50-day moving average price is $21.55 and its 200-day moving average price is $23.29.

Akzo Nobel (OTCMKTS:AKZOY) last posted its quarterly earnings results on Tuesday, April 23rd. The basic materials company reported $0.26 earnings per share for the quarter. The business had revenue of $2.88 billion during the quarter. Akzo Nobel had a net margin of 4.68% and a return on equity of 11.95%. Equities research analysts anticipate that Akzo Nobel will post 1.49 earnings per share for the current year.

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.