Nordea Bank Abp (OTCMKTS:NRDBY) Shares Down 0.2% – Here’s What Happened

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

Wall Street Analysts Forecast Growth

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

Nordea Bank Abp Trading Down 0.2 %

The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 6.23. The firm has a market cap of $40.56 billion, a price-to-earnings ratio of 7.52, a PEG ratio of 0.78 and a beta of 0.91. The company has a fifty day moving average price of $11.21 and a 200-day moving average price of $11.51.

Nordea Bank Abp (OTCMKTS:NRDBY) last announced its quarterly earnings results on Thursday, October 17th. The company reported $0.40 earnings per share for the quarter, beating the consensus estimate of $0.34 by $0.06. Nordea Bank Abp had a return on equity of 16.41% and a net margin of 19.28%. The company had revenue of $3.31 billion during the quarter. As a group, research analysts expect that Nordea Bank Abp will post 1.47 EPS for the current year.

About Nordea Bank Abp

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.