Akzo Nobel (OTCMKTS:AKZOY) Sets New 1-Year Low – Here’s What Happened

Shares of Akzo Nobel (OTCMKTS:AKZOY) hit a new 52-week low during trading on Wednesday . The company traded as low as $19.05 and last traded at $19.05, with a volume of 122312 shares. The stock had previously closed at $19.81.

Akzo Nobel Trading Up 0.5 %

The company has a quick ratio of 0.89, a current ratio of 1.21 and a debt-to-equity ratio of 0.76. The firm’s fifty day moving average is $20.87 and its two-hundred day moving average is $21.11. The firm has a market cap of $9.93 billion, a P/E ratio of 19.18, a PEG ratio of 0.72 and a beta of 1.26.

Akzo Nobel (OTCMKTS:AKZOY) last announced its earnings results on Wednesday, October 23rd. The basic materials company reported $0.42 earnings per share 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 firm had revenue of $2.93 billion for the quarter, compared to analyst estimates of $3.01 billion. Analysts predict that Akzo Nobel will post 1.46 earnings per share for the current fiscal year.

Akzo Nobel Cuts Dividend

The company also recently announced 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 currently 21.78%.

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.