Danske Bank (OTCMKTS:DNKEY) Shares Gap Down – Here’s Why

Danske Bank (OTCMKTS:DNKEY)’s share price gapped down before the market opened on Monday . The stock had previously closed at $24.90, but opened at $23.47. Danske Bank shares last traded at $23.54, with a volume of 1,073 shares traded.

Wall Street Analyst Weigh In

Several research firms recently commented on DNKEY. Citigroup reissued a “buy” rating on shares of Danske Bank in a research note on Friday, February 20th. Barclays reiterated an “overweight” rating on shares of Danske Bank in a research note on Wednesday, December 10th. Finally, Morgan Stanley reaffirmed an “overweight” rating on shares of Danske Bank in a report on Thursday, February 12th. Four research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy”.

Danske Bank Trading Down 5.7%

The company has a market cap of $38.97 billion, a price-to-earnings ratio of 11.06 and a beta of 0.61. The company has a quick ratio of 1.81, a current ratio of 1.81 and a debt-to-equity ratio of 7.44. The business’s fifty day simple moving average is $25.69 and its two-hundred day simple moving average is $23.83.

Danske Bank (OTCMKTS:DNKEY) last posted its earnings results on Thursday, February 5th. The financial services provider reported $0.60 EPS for the quarter, beating analysts’ consensus estimates of $0.54 by $0.06. Danske Bank had a net margin of 40.52% and a return on equity of 13.25%. The firm had revenue of $2.41 billion for the quarter, compared to the consensus estimate of $2.31 billion. On average, equities analysts predict that Danske Bank will post 1.84 EPS for the current year.

About Danske Bank

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.