National Australia Bank (OTCMKTS:NABZY) Stock Passes Above 200 Day Moving Average – What’s Next?

National Australia Bank Ltd. (OTCMKTS:NABZY)’s stock price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $13.67 and traded as high as $14.45. National Australia Bank shares last traded at $14.07, with a volume of 291,419 shares changing hands.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on NABZY shares. National Bankshares initiated coverage on National Australia Bank in a research report on Wednesday, October 8th. They issued a “sell” rating and a $38.00 price objective on the stock. The Goldman Sachs Group raised National Australia Bank to a “strong sell” rating in a research note on Wednesday, October 8th. Two equities research analysts have rated the stock with a Sell rating, According to data from MarketBeat.com, the stock has a consensus rating of “Sell” and a consensus price target of $38.00.

National Australia Bank Trading Down 1.9%

The business has a fifty day simple moving average of $13.84 and a two-hundred day simple moving average of $13.67. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 2.88.

National Australia Bank Company Profile

National Australia Bank (OTCMKTS: NABZY) is one of Australia’s largest banking groups, offering a broad range of financial services to retail, small business, corporate and institutional customers. Its core activities include personal and business banking — such as deposits, home and business lending, credit cards and payment services — as well as wealth management, insurance, markets and specialist lending. The bank provides transaction and cash management solutions, financing and advisory services to corporate clients and institutional investors.

Headquartered in Melbourne, NAB traces its corporate origins to a 1982 merger between the National Bank of Australasia and the Commercial Banking Company of Sydney, with precursor institutions dating to the 19th century.