Nordea Bank (OTCMKTS:NRDBY) Shares Gap Down - Time to Sell?

Shares of Nordea Bank AB (OTCMKTS:NRDBY - Get Free Report) gapped down before the market opened on Thursday . The stock had previously closed at $14.66, but opened at $13.94. Nordea Bank shares last traded at $13.95, with a volume of 8,604 shares traded.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on NRDBY shares. Nordea Equity Research cut shares of Nordea Bank from a "buy" rating to a "reduce" rating in a research report on Wednesday, May 21st. Citigroup reaffirmed a "buy" rating on shares of Nordea Bank in a research note on Wednesday, May 21st. Barclays lowered shares of Nordea Bank from a "strong-buy" rating to a "hold" rating in a research note on Monday, June 2nd. Finally, Kepler Capital Markets raised shares of Nordea Bank from a "strong sell" rating to a "hold" rating in a research note on Monday, July 7th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, two have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy".

Nordea Bank Stock Up 1.3%

The stock's fifty day moving average is $14.57 and its two-hundred day moving average is $13.40. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 6.80. The firm has a market cap of $49.69 billion, a P/E ratio of 9.55, a price-to-earnings-growth ratio of 5.41 and a beta of 0.69.

Nordea Bank (OTCMKTS:NRDBY - Get Free Report) last posted its quarterly earnings data on Thursday, July 17th. The company reported $0.40 earnings per share (EPS) for the quarter. Nordea Bank had a net margin of 20.63% and a return on equity of 15.60%. The company had revenue of $3.30 billion during the quarter. As a group, research analysts anticipate that Nordea Bank AB will post 1.4 earnings per share for the current year.

About Nordea Bank

Nordea Bank Abp offers banking products and services in Sweden, Finland, Norway, Denmark, and internationally. It operates through Personal Banking, Business Banking, Large Corporates & Institutions, and Asset & Wealth Management segments. The Personal Banking segment provides various financial services to customers through mobile banking, over the phone, online meetings, and branch offices.