NatWest Group (OTCMKTS:RBSPF) Shares Down 8.6% – Time to Sell?

NatWest Group PLC (OTCMKTS:RBSPF)’s stock price dropped 8.6% during mid-day trading on Thursday . The stock traded as low as $7.05 and last traded at $7.12. Approximately 4,032 shares traded hands during mid-day trading, a decline of 83% from the average daily volume of 24,383 shares. The stock had previously closed at $7.79.

NatWest Group Stock Down 6.0%

The firm has a market cap of $55.74 billion, a P/E ratio of 7.90 and a beta of 0.94. The stock’s 50 day simple moving average is $8.41 and its two-hundred day simple moving average is $7.98. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.03 and a quick ratio of 1.03.

NatWest Group (OTCMKTS:RBSPF) last released its quarterly earnings data on Friday, February 13th. The company reported $0.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.20 by $0.03. NatWest Group had a net margin of 18.59% and a return on equity of 13.05%. The firm had revenue of $5.83 billion during the quarter, compared to analysts’ expectations of $5.72 billion.

NatWest Group Company Profile

NatWest Group plc is a major UK-based banking and financial services company headquartered in Edinburgh, Scotland. The group traces its roots to the Royal Bank of Scotland, founded in 1727, and grew through subsequent mergers and acquisitions—most notably the acquisition of National Westminster Bank (NatWest) in 2000. In 2020 the firm adopted the NatWest Group name to align the corporate identity more closely with its primary retail brand. Over its long history the group has undergone significant restructuring and recapitalization, including interventions and reforms following the global financial crisis.

NatWest Group operates across retail, commercial, corporate and institutional banking, as well as wealth management and private banking.