Permanent TSB Group (OTCMKTS:ILPMY) Trading Down 19.2% – Here’s Why

Permanent TSB Group Holdings plc (OTCMKTS:ILPMY)’s stock price dropped 19.2% during mid-day trading on Wednesday . The stock traded as low as $3.07 and last traded at $3.07. Approximately 501 shares were traded during mid-day trading, a decline of 83% from the average daily volume of 2,931 shares. The stock had previously closed at $3.80.

Wall Street Analyst Weigh In

Separately, Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Permanent TSB Group in a research note on Wednesday, November 5th. One investment analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Reduce”.

Permanent TSB Group Price Performance

The company’s fifty day moving average price is $3.84 and its 200 day moving average price is $2.95.

Permanent TSB Group Company Profile

Permanent TSB Group plc is an Irish retail bank headquartered in Dublin, offering a full range of banking products and services to personal and small business customers. The company’s core activities include mortgage lending, personal loans, savings and current accounts, and digital banking platforms. Permanent TSB also provides home insurance and credit cards, aiming to serve the day-to-day banking needs of consumers across the Republic of Ireland.

Founded in 1816 as the Irish Permanent Building Society, the company demutualised in 1994 and merged with Trustee Savings Bank in 1999 to form Permanent TSB.