National Australia Bank (OTCMKTS:NABZY) Stock Crosses Above 200 Day Moving Average – Time to Sell?

National Australia Bank Ltd. (OTCMKTS:NABZY) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $13.91 and traded as high as $15.54. National Australia Bank shares last traded at $15.19, with a volume of 175,691 shares trading hands.

Wall Street Analyst Weigh In

NABZY has been the topic of a number of recent research reports. Macquarie upgraded shares of National Australia Bank from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 21st. UBS Group raised shares of National Australia Bank from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 27th. Finally, Zacks Research raised shares of National Australia Bank from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 12th. Three equities research analysts have rated the stock with a Strong Buy rating and two have issued a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $38.00.

National Australia Bank Price Performance

The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 2.88. The firm has a fifty day moving average price of $14.17 and a 200 day moving average price of $13.91.

National Australia Bank Company Profile

National Australia Bank (OTCMKTS: NABZY) is one of Australia’s largest banking groups, offering a broad range of financial services to retail, small business, corporate and institutional customers. Its core activities include personal and business banking — such as deposits, home and business lending, credit cards and payment services — as well as wealth management, insurance, markets and specialist lending. The bank provides transaction and cash management solutions, financing and advisory services to corporate clients and institutional investors.

Headquartered in Melbourne, NAB traces its corporate origins to a 1982 merger between the National Bank of Australasia and the Commercial Banking Company of Sydney, with precursor institutions dating to the 19th century.