National Bank of Canada (OTCMKTS:NTIOF) Share Price Crosses Above Fifty Day Moving Average – What’s Next?

National Bank of Canada (OTCMKTS:NTIOF) shares passed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $155.04 and traded as high as $161.40. National Bank of Canada shares last traded at $161.31, with a volume of 12,207 shares changing hands.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the stock. Royal Bank Of Canada reissued a “sector perform” rating on shares of National Bank of Canada in a research report on Thursday, May 28th. Raymond James Financial reaffirmed a “market perform” rating on shares of National Bank of Canada in a research note on Tuesday, May 12th. Canadian Imperial Bank of Commerce restated a “neutral” rating on shares of National Bank of Canada in a report on Thursday, May 28th. National Bank Financial lowered National Bank of Canada from a “buy” rating to a “neutral” rating in a research report on Wednesday, May 13th. Finally, Scotiabank reiterated an “outperform” rating on shares of National Bank of Canada in a report on Tuesday, June 16th. Two research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat, National Bank of Canada presently has a consensus rating of “Hold”.

National Bank of Canada Trading Down 1.6%

The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 0.11. The company has a market capitalization of $61.76 billion, a P/E ratio of 19.64, a P/E/G ratio of 1.46 and a beta of 0.87. The firm’s 50-day moving average price is $155.46 and its 200 day moving average price is $142.09.

National Bank of Canada (OTCMKTS:NTIOF) last announced its quarterly earnings results on Wednesday, May 27th. The financial services provider reported $2.36 earnings per share for the quarter, beating the consensus estimate of $2.29 by $0.07. The business had revenue of $2.87 billion for the quarter, compared to analysts’ expectations of $2.81 billion. National Bank of Canada had a net margin of 14.49% and a return on equity of 15.99%. As a group, equities research analysts predict that National Bank of Canada will post 9.21 earnings per share for the current year.

About National Bank of Canada

National Bank of Canada (OTCMKTS: NTIOF) is a full‑service Canadian financial institution headquartered in Montreal, Quebec. The bank offers a broad range of products and services for personal, commercial and institutional clients, including deposit accounts, mortgages and consumer lending, small‑ and medium‑sized business banking, corporate lending, and cash management solutions.

In addition to traditional banking, National Bank provides wealth management and brokerage services through its private banking and advisory channels, and operates an investment banking and capital markets platform that delivers underwriting, advisory, trading and research services.