NatWest Group (OTCMKTS:RBSPF) Shares Up 8.1% - Time to Buy?

Key Points

• NatWest Group's share price increased by 8.1% during mid-day trading, reaching a high of $7.90, although trading volume was significantly lower at 3,389 shares.
• The company reported $0.20 earnings per share for the recent quarter, exceeding analyst estimates of $0.18, with total revenue of $5.50 billion.
• NatWest Group has a market capitalization of $60.98 billion and maintains a PE ratio of 9.91, indicating solid financial health.

NatWest Group PLC (OTCMKTS:RBSPF - Get Free Report)'s share price rose 8.1% during mid-day trading on Monday . The stock traded as high as $7.90 and last traded at $7.90. Approximately 3,389 shares were traded during mid-day trading, a decline of 80% from the average daily volume of 17,051 shares. The stock had previously closed at $7.31.

NatWest Group Stock Performance

The company has a market capitalization of $62.59 billion, a P/E ratio of 10.18 and a beta of 0.94. The company's 50 day moving average is $6.93 and its 200-day moving average is $6.45. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.14.

NatWest Group (OTCMKTS:RBSPF - Get Free Report) last released its earnings results on Friday, July 25th. The company reported $0.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.18 by $0.02. NatWest Group had a net margin of 16.84% and a return on equity of 11.99%. The firm had revenue of $5.50 billion during the quarter, compared to analyst estimates of $4.06 billion.

About NatWest Group

NatWest Group plc, together with its subsidiaries, provides banking and financial products and services to personal, commercial, corporate, and institutional customers in the United Kingdom and internationally. It operates through Retail Banking, Private Banking, and Commercial & Institutional segments.