Nordea Bank Abp (OTCMKTS:NRDBY) Shares Up 1.4% – Still a Buy?

Nordea Bank Abp (OTCMKTS:NRDBY)’s share price rose 1.4% on Friday . The company traded as high as $11.44 and last traded at $11.39. Approximately 372,213 shares were traded during trading, an increase of 141% from the average daily volume of 154,400 shares. The stock had previously closed at $11.23.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group raised Nordea Bank Abp to a “strong-buy” rating in a research note on Friday, September 27th.

Nordea Bank Abp Price Performance

The company has a debt-to-equity ratio of 6.23, a current ratio of 1.29 and a quick ratio of 1.29. The stock’s 50 day moving average price is $11.67 and its two-hundred day moving average price is $11.81. The firm has a market capitalization of $39.93 billion, a price-to-earnings ratio of 7.40, a PEG ratio of 0.72 and a beta of 0.94.

Nordea Bank Abp (OTCMKTS:NRDBY) last released its quarterly earnings results on Thursday, October 17th. The company reported $0.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.34 by $0.06. The company had revenue of $3.31 billion during the quarter. Nordea Bank Abp had a net margin of 19.28% and a return on equity of 16.41%. On average, equities research analysts anticipate that Nordea Bank Abp will post 1.52 EPS for the current year.

About Nordea Bank Abp

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.