Nordea Bank (OTCMKTS:NRDBY) Sees Strong Trading Volume – Time to Buy?

Shares of Nordea Bank AB (OTCMKTS:NRDBY) saw an uptick in trading volume on Monday . 2,030,685 shares were traded during trading, an increase of 333% from the previous session’s volume of 469,418 shares.The stock last traded at $19.1825 and had previously closed at $18.8950.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on NRDBY shares. Citigroup reissued a “buy” rating on shares of Nordea Bank in a research note on Thursday, April 23rd. Morgan Stanley restated an “overweight” rating on shares of Nordea Bank in a research note on Tuesday, May 12th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold”.

Nordea Bank Stock Up 1.3%

The firm’s 50-day simple moving average is $18.59 and its 200 day simple moving average is $18.74. The company has a debt-to-equity ratio of 6.78, a quick ratio of 1.23 and a current ratio of 1.23. The company has a market cap of $65.16 billion, a P/E ratio of 12.04, a PEG ratio of 1.89 and a beta of 0.63.

Nordea Bank (OTCMKTS:NRDBY) last released its earnings results on Wednesday, April 22nd. The company reported $0.37 earnings per share for the quarter, missing the consensus estimate of $0.38 by ($0.01). Nordea Bank had a net margin of 22.65% and a return on equity of 15.24%. The company had revenue of $3.41 billion during the quarter, compared to analyst estimates of $3.37 billion. On average, research analysts forecast that Nordea Bank AB will post 1.65 earnings per share for the current fiscal year.

About Nordea Bank

Nordea Bank is a leading financial services group focused on serving retail, corporate and institutional customers across the Nordic region. The bank’s core activities include retail and commercial banking, corporate and institutional banking, asset and wealth management, and related financial services such as payments, cash management and trade finance. Nordea delivers these services through branch and digital channels, aiming to provide integrated banking solutions for everyday consumers, small and medium enterprises, and large corporations.

Product offerings span deposit and lending products including mortgages and consumer loans, transaction banking and treasury services for corporate clients, investment and pension solutions through its asset management businesses, and wealth management services for private clients.