Nordea Bank Abp (OTCMKTS:NRDBY) Trading Down 0.2% – Should You Sell?

Nordea Bank Abp (OTCMKTS:NRDBY)’s share price fell 0.2% during trading on Friday . The stock traded as low as $11.55 and last traded at $11.58. 258,536 shares were traded during trading, a decline of 29% from the average session volume of 362,667 shares. The stock had previously closed at $11.60.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group upgraded Nordea Bank Abp to a “strong-buy” rating in a research report on Friday, September 27th.

Nordea Bank Abp Trading Down 0.2 %

The stock has a market capitalization of $40.56 billion, a P/E ratio of 7.52, a price-to-earnings-growth ratio of 0.78 and a beta of 0.91. The stock’s fifty day moving average price is $11.21 and its two-hundred day moving average price is $11.51. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 6.23.

Nordea Bank Abp (OTCMKTS:NRDBY) last issued its earnings results on Thursday, October 17th. The company reported $0.40 EPS for the quarter, topping analysts’ consensus estimates of $0.34 by $0.06. Nordea Bank Abp had a net margin of 19.28% and a return on equity of 16.41%. The company had revenue of $3.31 billion for the quarter. Equities research analysts forecast that Nordea Bank Abp will post 1.47 EPS for the current year.

Nordea Bank Abp Company Profile

Nordea Bank Abp offers banking products and services in Sweden, Finland, Norway, Denmark, and internationally. It operates through Personal Banking, Business Banking, Large Corporates & Institutions, and Asset & Wealth Management segments. The Personal Banking segment provides various financial services to customers through mobile banking, over the phone, online meetings, and branch offices.