Nordea Bank (OTCMKTS:NRDBY) Shares Gap Down – Time to Sell?

Nordea Bank AB (OTCMKTS:NRDBY) gapped down before the market opened 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 changing hands.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the stock. Morgan Stanley reiterated an “overweight” rating on shares of Nordea Bank in a research report on Monday, November 24th. Zacks Research lowered shares of Nordea Bank from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 17th. Citigroup reissued a “buy” rating on shares of Nordea Bank in a report on Thursday, October 9th. Nordea Equity Research lowered Nordea Bank from a “buy” rating to a “neutral” rating in a research report on Thursday, December 4th. Finally, Kepler Capital Markets upgraded Nordea Bank from a “hold” rating to a “strong-buy” rating in a research report on Thursday, November 6th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold”.

Nordea Bank Trading Down 0.2%

The business’s 50 day simple moving average is $17.61 and its 200-day simple moving average is $16.17. The company has a debt-to-equity ratio of 6.32, a current ratio of 1.23 and a quick ratio of 1.23. The stock has a market capitalization of $64.99 billion, a P/E ratio of 12.42, a PEG ratio of 3.90 and a beta of 0.62.

Nordea Bank (OTCMKTS:NRDBY) last posted its quarterly earnings results on Thursday, October 16th. The company reported $0.42 earnings per share for the quarter. Nordea Bank had a return on equity of 15.38% and a net margin of 21.42%.The company had revenue of $3.40 billion for the quarter. As a group, analysts forecast that Nordea Bank AB will post 1.4 EPS 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.