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Nordea Bank Abp (OTCMKTS:NRDBY) Reaches New 52-Week Low - Time to Sell?

Nordea Bank Abp logo with Finance background

Nordea Bank Abp (OTCMKTS:NRDBY - Get Free Report)'s stock price hit a new 52-week low during mid-day trading on Thursday . The company traded as low as $10.83 and last traded at $10.83, with a volume of 331619 shares trading hands. The stock had previously closed at $10.84.

Wall Street Analysts Forecast Growth

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

View Our Latest Stock Report on Nordea Bank Abp

Nordea Bank Abp Stock Down 0.1 %

The firm has a market cap of $37.91 billion, a PE ratio of 7.03, a PEG ratio of 0.71 and a beta of 0.92. The company's 50-day simple moving average is $11.49 and its two-hundred day simple moving average is $11.67. The company has a debt-to-equity ratio of 6.23, a quick ratio of 1.29 and a current ratio of 1.29.

Nordea Bank Abp (OTCMKTS:NRDBY - Get Free Report) last released its quarterly earnings results on Thursday, October 17th. The company reported $0.40 EPS for the quarter, beating analysts' consensus estimates of $0.34 by $0.06. The business had revenue of $3.31 billion during the quarter. Nordea Bank Abp had a return on equity of 16.41% and a net margin of 19.28%. On average, analysts predict that Nordea Bank Abp will post 1.52 earnings per share for the current fiscal year.

About Nordea Bank Abp

(Get Free Report)

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.

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