Nordea Bank Abp (OTCMKTS:NRDBY) Reaches New 52-Week Low – Time to Sell?

Shares of Nordea Bank Abp (OTCMKTS:NRDBY) hit a new 52-week low during trading on Thursday . The company traded as low as $10.83 and last traded at $10.83, with a volume of 331619 shares changing hands. The stock had previously closed at $10.84.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group raised shares of Nordea Bank Abp to a “strong-buy” rating in a research report on Friday, September 27th.

Nordea Bank Abp Stock Performance

The company has a debt-to-equity ratio of 6.23, a quick ratio of 1.29 and a current ratio of 1.29. The stock has a market capitalization of $37.91 billion, a P/E ratio of 7.03, a PEG ratio of 0.71 and a beta of 0.92. The business has a 50-day moving average price of $11.49 and a 200 day moving average price of $11.67.

Nordea Bank Abp (OTCMKTS:NRDBY) last released its earnings results on Thursday, October 17th. The company reported $0.40 EPS for the quarter, topping the consensus estimate of $0.34 by $0.06. Nordea Bank Abp had a return on equity of 16.41% and a net margin of 19.28%. The business had revenue of $3.31 billion for the quarter. As a group, sell-side analysts forecast that Nordea Bank Abp will post 1.52 EPS for the current fiscal year.

Nordea Bank Abp Company Profile

Nordea Bank Abp offers banking products and services in Sweden, Finland, Norway, Denmark, and internationally. It operates through Personal Banking, Business Banking, Large Corporates & Institutions, and Asset & Wealth Management segments. The Personal Banking segment provides various financial services to customers through mobile banking, over the phone, online meetings, and branch offices.