Akzo Nobel (OTCMKTS:AKZOY) Hits New 52-Week Low – Should You Sell?

Akzo Nobel (OTCMKTS:AKZOY)’s stock price reached a new 52-week low during trading on Monday . The stock traded as low as $18.73 and last traded at $19.02, with a volume of 355453 shares. The stock had previously closed at $19.15.

Akzo Nobel Trading Up 2.9 %

The stock’s fifty day simple moving average is $19.90 and its two-hundred day simple moving average is $20.85. The firm has a market cap of $10.22 billion, a PE ratio of 19.72, a PEG ratio of 0.72 and a beta of 1.24. The company has a quick ratio of 0.89, a current ratio of 1.21 and a debt-to-equity ratio of 0.76.

Akzo Nobel (OTCMKTS:AKZOY) last posted its quarterly earnings results on Wednesday, October 23rd. The basic materials company reported $0.42 earnings per share for the quarter, topping the consensus estimate of $0.38 by $0.04. The company had revenue of $2.93 billion for the quarter, compared to the consensus estimate of $3.01 billion. Akzo Nobel had a return on equity of 12.16% and a net margin of 4.47%. On average, sell-side analysts forecast that Akzo Nobel will post 1.46 EPS for the current fiscal year.

Akzo Nobel Cuts Dividend

The business also recently declared a dividend, which was paid on Friday, November 15th. Stockholders of record on Thursday, November 7th were issued a dividend of $0.1583 per share. The ex-dividend date was Thursday, November 7th. Akzo Nobel’s payout ratio is presently 21.78%.

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.