Nordea Bank (OTCMKTS:NRDBY) Shares Gap Down – Should You Sell?

Nordea Bank AB (OTCMKTS:NRDBY) gapped down prior to trading on Friday . The stock had previously closed at $18.91, but opened at $18.38. Nordea Bank shares last traded at $18.91, with a volume of 1,912 shares trading hands.

Analyst Upgrades and Downgrades

A number of research firms have commented on NRDBY. Zacks Research lowered shares of Nordea Bank from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 17th. Nordea Equity Research cut Nordea Bank from a “buy” rating to a “neutral” rating in a research report on Thursday, December 4th. Kepler Capital Markets raised Nordea Bank from a “hold” rating to a “strong-buy” rating in a research note on Thursday, November 6th. The Goldman Sachs Group downgraded Nordea Bank from a “strong-buy” rating to a “hold” rating in a research note on Thursday, December 4th. Finally, Morgan Stanley restated an “overweight” rating on shares of Nordea Bank in a research note on Monday, November 24th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Nordea Bank presently has a consensus rating of “Hold”.

Nordea Bank Stock Performance

The stock’s 50-day moving average price is $17.64 and its 200-day moving average price is $16.21. The company has a debt-to-equity ratio of 6.32, a quick ratio of 1.23 and a current ratio of 1.23. The company has a market capitalization of $64.86 billion, a price-to-earnings ratio of 12.39, a P/E/G ratio of 3.89 and a beta of 0.62.

Nordea Bank (OTCMKTS:NRDBY) last announced its quarterly earnings data on Thursday, October 16th. The company reported $0.42 earnings per share for the quarter. Nordea Bank had a net margin of 21.42% and a return on equity of 15.38%. The business had revenue of $3.40 billion during the quarter. As a group, equities research analysts expect that Nordea Bank AB will post 1.4 earnings per share for the current year.

Nordea Bank Company Profile

Nordea Bank is a leading financial services group focused on serving retail, corporate and institutional customers across the Nordic region. The bank’s core activities include retail and commercial banking, corporate and institutional banking, asset and wealth management, and related financial services such as payments, cash management and trade finance. Nordea delivers these services through branch and digital channels, aiming to provide integrated banking solutions for everyday consumers, small and medium enterprises, and large corporations.

Product offerings span deposit and lending products including mortgages and consumer loans, transaction banking and treasury services for corporate clients, investment and pension solutions through its asset management businesses, and wealth management services for private clients.