Danske Bank (OTCMKTS:DNKEY) Sees Strong Trading Volume – Here’s Why

Danske Bank (OTCMKTS:DNKEY) saw unusually-high trading volume on Tuesday . Approximately 176,989 shares changed hands during trading, an increase of 282% from the previous session’s volume of 46,301 shares.The stock last traded at $26.30 and had previously closed at $25.58.

Wall Street Analysts Forecast Growth

DNKEY has been the subject of several research reports. Barclays reaffirmed an “overweight” rating on shares of Danske Bank in a research report on Wednesday, December 10th. Citigroup reiterated a “buy” rating on shares of Danske Bank in a research report on Thursday, January 22nd. Morgan Stanley reissued an “overweight” rating on shares of Danske Bank in a report on Friday, January 9th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Danske Bank in a research report on Monday, November 3rd. Four equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, Danske Bank has an average rating of “Moderate Buy”.

Danske Bank Stock Up 0.4%

The firm has a market cap of $42.94 billion, a P/E ratio of 12.73 and a beta of 0.61. The company’s 50-day simple moving average is $24.42 and its 200 day simple moving average is $22.30. The company has a debt-to-equity ratio of 7.16, a current ratio of 1.76 and a quick ratio of 1.76.

Danske Bank (OTCMKTS:DNKEY) last issued its quarterly earnings data on Friday, October 31st. The financial services provider reported $0.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.50 by $0.02. The business had revenue of $2.15 billion for the quarter, compared to the consensus estimate of $2.15 billion. Danske Bank had a return on equity of 13.01% and a net margin of 40.42%. Research analysts anticipate that Danske Bank will post 1.84 EPS for the current fiscal year.

Danske Bank Company Profile

Danske Bank A/S is a major Danish banking group headquartered in Copenhagen. The firm traces its origins to the 19th century and has grown through mergers and organic expansion into one of the region’s largest financial institutions. Its shares are primarily listed on Nasdaq Copenhagen, and American investors may encounter the bank’s ADR trading on the U.S. over-the-counter market under the symbol DNKEY.

The bank provides a broad range of financial products and services across retail, commercial and institutional segments.