Ahold (OTCMKTS:ADRNY) Sees Unusually-High Trading Volume – Here’s What Happened
by Tristan Rich · The Markets DailyAhold NV (OTCMKTS:ADRNY – Get Free Report) shares saw unusually-high trading volume on Wednesday . Approximately 272,489 shares changed hands during mid-day trading, an increase of 183% from the previous session’s volume of 96,226 shares.The stock last traded at €41.75 and had previously closed at €41.20.
Analyst Upgrades and Downgrades
Several research firms have recently weighed in on ADRNY. Zacks Research lowered shares of Ahold from a “strong-buy” rating to a “hold” rating in a report on Thursday, March 19th. The Goldman Sachs Group lowered shares of Ahold from a “strong-buy” rating to a “neutral” rating in a research report on Monday, June 1st. Finally, Wall Street Zen cut shares of Ahold from a “strong-buy” rating to a “buy” rating in a research note on Monday, March 23rd. Two investment analysts have rated the stock with a Strong Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy”.
Check Out Our Latest Stock Report on Ahold
Ahold Stock Up 1.2%
The firm has a market cap of $36.98 billion, a P/E ratio of 14.23, a price-to-earnings-growth ratio of 1.98 and a beta of 0.43. The company’s 50-day simple moving average is €45.30 and its 200 day simple moving average is €43.73. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.77 and a quick ratio of 0.46.
Ahold (OTCMKTS:ADRNY – Get Free Report) last posted its quarterly earnings results on Wednesday, May 6th. The company reported €0.73 EPS for the quarter, topping the consensus estimate of €0.70 by €0.03. The company had revenue of €26.07 billion for the quarter, compared to the consensus estimate of €26.24 billion. Ahold had a net margin of 2.48% and a return on equity of 16.97%. Research analysts anticipate that Ahold NV will post 3.21 EPS for the current fiscal year.
About Ahold
Ahold Delhaize (often shortened to Ahold) is an international retail grocery group that operates supermarkets, online grocery platforms and related food retail services. The company’s operations span both brick-and-mortar stores and digital channels, offering a mix of fresh foods, packaged groceries, household goods and private-label products. Its business model combines local store networks with centralized purchasing, distribution and supply-chain capabilities to serve everyday consumer needs.
The firm was formed through the 2016 merger of Koninklijke Ahold and Delhaize Group, creating a combined network of banners and ecommerce platforms across multiple geographies.