ABN AMRO Bank (OTCMKTS:AAVMY) Shares Gap Down – Time to Sell?

ABN AMRO Bank (OTCMKTS:AAVMY)’s stock price gapped down prior to trading on Friday. The stock had previously closed at $45.62, but opened at $42.53. ABN AMRO Bank shares last traded at $42.55, with a volume of 1,510 shares.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on AAVMY. Morgan Stanley reissued an “overweight” rating on shares of ABN AMRO Bank in a report on Wednesday, September 2nd. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of ABN AMRO Bank in a research report on Thursday, August 13th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of ABN AMRO Bank in a report on Thursday, August 13th. Citigroup restated a “buy” rating on shares of ABN AMRO Bank in a research note on Friday, September 18th. Finally, Zacks Research raised ABN AMRO Bank from a “hold” rating to a “strong-buy” rating in a report on Tuesday, June 30th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Buy”.

ABN AMRO Bank Price Performance

The company has a market capitalization of $35.12 billion and a P/E ratio of 13.22. The business has a 50 day simple moving average of $47.99 and a 200-day simple moving average of $42.83. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 2.97.

ABN AMRO Bank (OTCMKTS:AAVMY) last posted its quarterly earnings data on Wednesday, August 12th. The company reported $1.05 earnings per share for the quarter, beating the consensus estimate of $0.92 by $0.13. The company had revenue of $2.80 billion during the quarter, compared to analyst estimates of $2.67 billion. ABN AMRO Bank had a net margin of 14.22% and a return on equity of 9.12%. Analysts predict that ABN AMRO Bank will post 3.63 EPS for the current fiscal year.

ABN AMRO Bank Company Profile

ABN AMRO Bank N.V. is a Netherlands-based financial institution headquartered in Amsterdam. The bank provides banking and financial services to individuals, businesses and institutional clients, with the Netherlands as its primary market and additional activities in selected European and international markets.

Its offerings include current and savings accounts, mortgages, consumer lending, payment services, investment products and personal financial advice. Through its business and corporate banking operations, ABN AMRO provides lending, cash management, trade finance, corporate finance and other banking services to small and medium-sized enterprises, larger companies and institutions.