National Bank of Canada (OTCMKTS:NTIOF) Shares Pass Below Two Hundred Day Moving Average - Time to Sell?

National Bank of Canada (OTCMKTS:NTIOF - Get Free Report)'s stock price passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $89.73 and traded as low as $84.28. National Bank of Canada shares last traded at $84.73, with a volume of 30,975 shares traded.

Wall Street Analysts Forecast Growth

NTIOF has been the topic of a number of research reports. CIBC reissued a "neutral" rating on shares of National Bank of Canada in a report on Wednesday, March 5th. Cormark cut shares of National Bank of Canada from a "moderate buy" rating to a "hold" rating in a research note on Friday, February 21st. National Bankshares downgraded shares of National Bank of Canada from a "speculative buy" rating to an "underperform" rating in a report on Friday, April 4th. Finally, Cibc World Mkts lowered shares of National Bank of Canada from a "hold" rating to a "strong sell" rating in a research report on Friday, April 4th. Two equities research analysts have rated the stock with a sell rating and three have assigned a hold rating to the company's stock. According to MarketBeat, National Bank of Canada currently has a consensus rating of "Hold".

National Bank of Canada Stock Performance

The firm has a fifty day moving average price of $82.64 and a 200 day moving average price of $89.50. The firm has a market capitalization of $33.70 billion, a PE ratio of 10.97 and a beta of 0.95. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.76 and a quick ratio of 0.76.

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 paid a $0.7975 dividend. The ex-dividend date is Monday, March 31st. This represents a yield of 3.86%. National Bank of Canada's dividend payout ratio (DPR) is currently 40.05%.

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.