Akzo Nobel (OTCMKTS:AKZOY) Hits New 12-Month Low – Time to Sell?

Akzo Nobel (OTCMKTS:AKZOY) shares reached a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $19.08 and last traded at $19.43, with a volume of 163788 shares. The stock had previously closed at $19.13.

Akzo Nobel Price Performance

The stock has a 50 day moving average of $21.65 and a two-hundred day moving average of $21.43. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.89 and a current ratio of 1.21. The firm has a market capitalization of $9.96 billion, a P/E ratio of 16.06, a P/E/G ratio of 0.67 and a beta of 1.30.

Akzo Nobel (OTCMKTS:AKZOY) last released its quarterly earnings results on Wednesday, October 23rd. The basic materials company reported $0.42 earnings per share (EPS) for the quarter, beating 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 company had revenue of $2.93 billion during the quarter, compared to analysts’ expectations of $3.01 billion. Sell-side analysts predict that Akzo Nobel will post 1.45 earnings per share for the current fiscal year.

Akzo Nobel Cuts Dividend

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

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.