National Australia Bank (OTCMKTS:NABZY) Shares Pass Above 200 Day Moving Average – Should You Sell?

National Australia Bank Ltd. (OTCMKTS:NABZY)’s stock price crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $13.75 and traded as high as $14.44. National Australia Bank shares last traded at $14.11, with a volume of 162,243 shares traded.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. Zacks Research raised shares of National Australia Bank from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 12th. The Goldman Sachs Group raised shares of National Australia Bank to a “strong sell” rating in a report on Wednesday, October 8th. Finally, National Bankshares began coverage on National Australia Bank in a report on Wednesday, October 8th. They set a “sell” rating and a $38.00 price objective on the stock. One research analyst has rated the stock with a Strong Buy rating and two have given a Sell rating to the company. According to data from MarketBeat, National Australia Bank currently has an average rating of “Hold” and an average price target of $38.00.

National Australia Bank Stock Up 0.4%

The business has a 50 day moving average of $13.79 and a 200 day moving average of $13.75. The company has a debt-to-equity ratio of 2.88, a quick ratio of 1.23 and a current ratio of 1.23.

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.