Nordea Bank (OTCMKTS:NRDBY) Shares Gap Down – Here’s Why

Nordea Bank AB (OTCMKTS:NRDBY)’s stock price gapped down before the market opened on Thursday . The stock had previously closed at $18.34, but opened at $17.44. Nordea Bank shares last traded at $18.3660, with a volume of 2,978 shares traded.

Analyst Ratings Changes

A number of brokerages have issued reports on NRDBY. Zacks Research upgraded shares of Nordea Bank from a “strong sell” rating to a “hold” rating in a research report on Thursday, February 12th. Morgan Stanley restated an “overweight” rating on shares of Nordea Bank in a research report on Tuesday. Finally, Citigroup restated a “buy” rating on shares of Nordea Bank in a research report on Thursday, April 23rd. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold”.

Nordea Bank Stock Performance

The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 6.33. The stock has a market cap of $61.31 billion, a price-to-earnings ratio of 11.30, a price-to-earnings-growth ratio of 1.99 and a beta of 0.64. The stock’s 50-day simple moving average is $18.22 and its 200-day simple moving average is $18.49.

Nordea Bank (OTCMKTS:NRDBY) last posted its quarterly earnings results on Wednesday, April 22nd. The company reported $0.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.38 by ($0.01). The firm had revenue of $3.41 billion for the quarter, compared to analyst estimates of $3.37 billion. Nordea Bank had a return on equity of 15.15% and a net margin of 22.65%. Analysts forecast that Nordea Bank AB will post 1.63 earnings per share for the current fiscal year.

About Nordea Bank

Nordea Bank is a leading financial services group focused on serving retail, corporate and institutional customers across the Nordic region. The bank’s core activities include retail and commercial banking, corporate and institutional banking, asset and wealth management, and related financial services such as payments, cash management and trade finance. Nordea delivers these services through branch and digital channels, aiming to provide integrated banking solutions for everyday consumers, small and medium enterprises, and large corporations.

Product offerings span deposit and lending products including mortgages and consumer loans, transaction banking and treasury services for corporate clients, investment and pension solutions through its asset management businesses, and wealth management services for private clients.