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

Nordea Bank Abp (OTCMKTS:NRDBY)’s share price was down 0.2% on Friday . The stock traded as low as $11.55 and last traded at $11.58. Approximately 258,536 shares traded hands 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.

Analyst Upgrades and Downgrades

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

Nordea Bank Abp Trading Down 0.2 %

The company has a debt-to-equity ratio of 6.23, a quick ratio of 1.29 and a current ratio of 1.29. The stock has a market cap of $40.56 billion, a P/E ratio of 7.52, a P/E/G ratio of 0.78 and a beta of 0.91. The stock has a 50-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 earnings results on Thursday, October 17th. The company reported $0.40 earnings per share (EPS) for the quarter, beating the consensus estimate 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 business had revenue of $3.31 billion during the quarter. On average, equities 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.