National Bank of Canada (OTCMKTS:NTIOF) Share Price Passes Below 200 Day Moving Average – Here’s Why

National Bank of Canada (OTCMKTS:NTIOF) passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $90.15 and traded as low as $81.73. National Bank of Canada shares last traded at $81.73, with a volume of 70,226 shares traded.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on NTIOF shares. Cibc World Mkts cut shares of National Bank of Canada from a “hold” rating to a “strong sell” rating in a research report on Friday, April 4th. National Bankshares downgraded National Bank of Canada from a “speculative buy” rating to an “underperform” rating in a report on Friday, April 4th. Cormark lowered National Bank of Canada from a “moderate buy” rating to a “hold” rating in a research report on Friday, February 21st. Finally, CIBC restated a “neutral” rating on shares of National Bank of Canada in a research report on Wednesday, March 5th. Two investment analysts have rated the stock with a sell rating and three have given a hold rating to the company. According to MarketBeat, National Bank of Canada currently has an average rating of “Hold”.

National Bank of Canada Stock Down 0.3 %

The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.06. The firm has a market capitalization of $31.98 billion, a P/E ratio of 10.41 and a beta of 0.95. The stock’s 50-day simple moving average is $83.35 and its 200-day simple moving average is $90.15.

National Bank of Canada Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Thursday, May 1st. Investors of record on Tuesday, April 1st will be paid a $0.7975 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a yield of 3.86%. National Bank of Canada’s payout ratio is 40.05%.

National Bank of Canada Company Profile

National Bank of Canada provides financial services to individuals, businesses, institutional clients, and governments in Canada and internationally. It operates through four segments: Personal and Commercial, Wealth Management, Financial Markets, and U.S. Specialty Finance and International. The Personal and Commercial segment offers personal banking services, including transaction solutions, mortgage loans and home equity lines of credit, consumer loans, payment solutions, and savings and investment solutions; various insurance products; and commercial banking services, such as credit, and deposit, investment solutions, international trade, foreign exchange transactions, payroll, cash management, insurance, electronic transactions, and complimentary services.