Akzo Nobel (OTCMKTS:AKZOY) Hits New 1-Year Low – What’s Next?

Shares of Akzo Nobel (OTCMKTS:AKZOY) hit a new 52-week low on Thursday . The stock traded as low as $19.31 and last traded at $19.42, with a volume of 183121 shares trading hands. The stock had previously closed at $19.62.

Akzo Nobel Stock Down 0.3 %

The stock has a 50-day moving average price of $21.85 and a 200-day moving average price of $21.53. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.21 and a quick ratio of 0.89. The company has a market capitalization of $9.93 billion, a P/E ratio of 16.05, a P/E/G ratio of 0.67 and a beta of 1.30.

Akzo Nobel (OTCMKTS:AKZOY) last issued its quarterly earnings results on Wednesday, October 23rd. The basic materials company reported $0.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.38 by $0.04. Akzo Nobel had a net margin of 4.47% and a return on equity of 12.16%. The firm had revenue of $2.93 billion for the quarter, compared to the consensus estimate of $3.01 billion. On average, research analysts predict that Akzo Nobel will post 1.45 EPS for the current fiscal year.

Akzo Nobel Cuts Dividend

The firm also recently declared a dividend, which was paid on Friday, November 15th. Shareholders of record on Thursday, November 7th were issued a dividend of $0.1583 per share. The ex-dividend date of this dividend was Thursday, November 7th. Akzo Nobel’s payout ratio is currently 22.77%.

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.