National Bank of Canada (OTCMKTS:NTIOF) Shares Cross Above 50-Day Moving Average - Time to Sell?

National Bank of Canada (OTCMKTS:NTIOF - Get Free Report)'s share price passed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $88.47 and traded as high as $98.49. National Bank of Canada shares last traded at $98.44, with a volume of 21,606 shares trading hands.

Analyst Ratings Changes

Several brokerages have recently weighed in on NTIOF. Scotiabank upgraded shares of National Bank of Canada to a "strong-buy" rating in a research report on Thursday, May 15th. National Bankshares cut National Bank of Canada from a "speculative buy" rating to an "underperform" rating in a research report on Friday, April 4th. Cormark lowered shares of National Bank of Canada from a "moderate buy" rating to a "hold" rating in a research report on Friday, February 21st. CIBC reissued an "outperform" rating on shares of National Bank of Canada in a research report on Tuesday, May 20th. Finally, Cibc World Mkts downgraded National Bank of Canada from a "hold" rating to a "strong sell" rating in a research note on Friday, April 4th. Two analysts have rated the stock with a sell rating, two have issued a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold".

National Bank of Canada Price Performance

The company has a market cap of $38.47 billion, a price-to-earnings ratio of 12.52 and a beta of 1.01. The company's 50 day moving average price is $88.47 and its 200 day moving average price is $88.91. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.06.

National Bank of Canada (OTCMKTS:NTIOF - Get Free Report) last announced its quarterly earnings data on Wednesday, May 28th. The financial services provider reported $2.00 EPS for the quarter, beating analysts' consensus estimates of $1.71 by $0.29. National Bank of Canada had a net margin of 24.65% and a return on equity of 17.21%. The firm had revenue of $2.64 billion during the quarter, compared to the consensus estimate of $3.33 billion. Equities research analysts forecast that National Bank of Canada will post 7.63 earnings per share for the current year.

National Bank of Canada Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Thursday, May 1st. Investors of record on Tuesday, April 1st were issued a dividend of $0.7975 per share. This represents a yield of 3.86%. The ex-dividend date of this dividend was Monday, March 31st. National Bank of Canada's dividend payout ratio is presently 45.37%.

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.