Nationwide Building Society (LON:NBS) Shares Down 0.5% - Here's Why

Key Points

• Nationwide Building Society's shares fell by 0.5%, trading at £129.80 ($1.75), following a significant increase in trading volume by 361% over the daily average.
• The company boasts a market capitalization of £1.38 billion and a price-to-earnings ratio of 0.92 as part of its financial metrics.
• Nationwide offers a variety of retail financial services in the UK, including savings accounts, loans, and mortgages.

Nationwide Building Society (LON:NBS - ) was down 0.5% on Wednesday . The stock traded as low as GBX 129.80 ($1.75) and last traded at GBX 129.80 ($1.75). Approximately 6,050 shares traded hands during mid-day trading, an increase of 361% from the average daily volume of 1,313 shares. The stock had previously closed at GBX 130.50 ($1.76).

Nationwide Building Society Price Performance

The company has a 50-day simple moving average of GBX 130.21 and a two-hundred day simple moving average of GBX 130.60. The stock has a market capitalization of £1.38 billion, a price-to-earnings ratio of 0.92 and a beta of 0.30.

About Nationwide Building Society

Nationwide Building Society, together with its subsidiaries, provides retail financial services in the United Kingdom. The company offers current, savings, and individual savings accounts; residential mortgages; overdrafts, personal loans, car loans, and home improvement loans; and credit cards. It also provides loans to registered social landlords, loans made under the private finance initiatives, and commercial real estate loans.

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