Akzo Nobel (OTCMKTS:AKZOY) Shares Pass Above Fifty Day Moving Average – Should You Sell?

Shares of Akzo Nobel (OTCMKTS:AKZOY) passed above its 50 day moving average during trading on Wednesday . The stock has a 50 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 trading hands.

Wall Street Analyst Weigh In

A number of research firms 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 reiterated an “overweight” rating on shares of Akzo Nobel in a research report on Monday, February 3rd.

Akzo Nobel Stock Up 1.3 %

The company has a debt-to-equity ratio of 0.76, a current ratio of 1.23 and a quick ratio of 0.87. The company has a fifty day moving average price of $20.77 and a 200 day moving average price of $20.89. The company has a market cap of $10.73 billion, a PE ratio of 21.80, a price-to-earnings-growth ratio of 0.67 and a beta of 1.19.

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

Akzo Nobel Increases Dividend

The company also recently disclosed a dividend, which will be paid on Wednesday, May 14th. Investors of record on Wednesday, April 30th will be issued a dividend of $0.5384 per share. This is a boost from Akzo Nobel’s previous dividend of $0.16. The ex-dividend date of this dividend is Wednesday, April 30th. Akzo Nobel’s dividend payout ratio (DPR) is currently 90.63%.

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.