NN Group (OTCMKTS:NNGRY) Reaches New 12-Month High – Here’s Why

NN Group NV Unsponsored ADR (OTCMKTS:NNGRY) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $45.2099 and last traded at $45.2099, with a volume of 56920 shares changing hands. The stock had previously closed at $44.63.

Wall Street Analyst Weigh In

Separately, Zacks Research cut NN Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 20th. Two research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold”.

NN Group Stock Performance

The business’s 50 day moving average price is $43.19 and its 200-day moving average price is $41.26. The company has a debt-to-equity ratio of 0.58, a quick ratio of 137.28 and a current ratio of 137.28.

About NN Group

NN Group N.V. (OTCMKTS:NNGRY) is a Dutch insurance and asset management company that provides a range of life and non-life insurance products, pension and retirement solutions, and investment management services. Its product offering typically includes individual and group life insurance, annuities, disability and health-related coverages, property & casualty insurance, and savings and retirement planning products aimed at both retail and corporate clients. The company also manages assets on behalf of its insurance operations and third-party institutional and individual investors.

NN Group traces its corporate structure to the Dutch insurer Nationale-Nederlanden and was established as a separate, publicly listed company following a demerger from ING Group in the mid-2010s.