Akzo Nobel (OTCMKTS:AKZOY) Share Price Crosses Above 50 Day Moving Average - Here's Why

Akzo Nobel (OTCMKTS:AKZOY - Get Free Report)'s share price crossed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $20.77 and traded as high as $20.98. Akzo Nobel shares last traded at $20.93, with a volume of 47,925 shares.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on AKZOY. The Goldman Sachs Group raised shares of Akzo Nobel from a "sell" rating to a "buy" rating in a report on Thursday, March 6th. Barclays restated an "overweight" rating on shares of Akzo Nobel in a research note on Monday, February 3rd.

Akzo Nobel Stock Down 6.4 %

The company has a quick ratio of 0.87, a current ratio of 1.23 and a debt-to-equity ratio of 0.76. The firm has a market capitalization of $9.44 billion, a price-to-earnings ratio of 19.17, a price-to-earnings-growth ratio of 0.67 and a beta of 1.13. The firm has a 50 day moving average of $20.68 and a two-hundred day moving average of $20.83.

Akzo Nobel (OTCMKTS:AKZOY - Get Free Report) last posted its quarterly earnings results on Wednesday, February 5th. The basic materials company reported $0.20 earnings per share for the quarter, missing analysts' consensus estimates of $0.26 by ($0.06). Akzo Nobel had a net margin of 4.26% and a return on equity of 12.45%. As a group, sell-side analysts anticipate that Akzo Nobel will post 1.52 EPS for the current fiscal year.

Akzo Nobel Increases Dividend

The business also recently declared a dividend, which will be paid on Wednesday, May 14th. Stockholders of record on Wednesday, April 30th will be issued a dividend of $0.5384 per share. The ex-dividend date is Wednesday, April 30th. This is an increase from Akzo Nobel's previous dividend of $0.16. Akzo Nobel's dividend payout ratio is 90.63%.

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.