National Bank of Canada (OTCMKTS:NTIOF) Hits New 52-Week Low - Should You Sell?

National Bank of Canada (OTCMKTS:NTIOF - Get Free Report)'s share price reached a new 52-week low on Monday . The company traded as low as $74.21 and last traded at $78.28, with a volume of 37627 shares changing hands. The stock had previously closed at $79.65.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the stock. Cibc World Mkts cut shares of National Bank of Canada from a "hold" rating to a "strong sell" rating in a report on Friday, April 4th. National Bankshares lowered National Bank of Canada from a "speculative buy" rating to an "underperform" rating in a report on Friday, April 4th. Cormark downgraded National Bank of Canada from a "moderate buy" rating to a "hold" rating in a research note on Friday, February 21st. Finally, CIBC reaffirmed a "neutral" rating on shares of National Bank of Canada in a research report on Wednesday, March 5th. Two analysts have rated the stock with a sell rating and three have given a hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Hold".

National Bank of Canada Price Performance

The company has a market capitalization of $31.94 billion, a P/E ratio of 10.40 and a beta of 0.95. The business's 50-day moving average is $83.60 and its two-hundred day moving average is $90.33. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.06.

National Bank of Canada Cuts Dividend

The company also recently announced a dividend, which will be paid on Thursday, May 1st. Shareholders of record on Tuesday, April 1st will be given a dividend of $0.7975 per share. The ex-dividend date is Monday, March 31st. This represents a dividend yield of 3.86%. National Bank of Canada's dividend payout ratio is currently 39.92%.

National Bank of Canada Company Profile

National Bank of Canada provides financial services to individuals, businesses, institutional clients, and governments in Canada and internationally. It operates through four segments: Personal and Commercial, Wealth Management, Financial Markets, and U.S. Specialty Finance and International. The Personal and Commercial segment offers personal banking services, including transaction solutions, mortgage loans and home equity lines of credit, consumer loans, payment solutions, and savings and investment solutions; various insurance products; and commercial banking services, such as credit, and deposit, investment solutions, international trade, foreign exchange transactions, payroll, cash management, insurance, electronic transactions, and complimentary services.