National Bank of Canada (OTCMKTS:NTIOF) Stock Crosses Above 50-Day Moving Average – What’s Next?

National Bank of Canada (OTCMKTS:NTIOF) crossed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $150.66 and traded as high as $157.95. National Bank of Canada shares last traded at $156.95, with a volume of 106,068 shares changing hands.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on NTIOF. Raymond James Financial restated a “market perform” rating on shares of National Bank of Canada in a report on Tuesday, May 12th. Scotiabank reissued an “outperform” rating on shares of National Bank of Canada in a report on Tuesday, June 16th. Canadian Imperial Bank of Commerce reissued a “neutral” rating on shares of National Bank of Canada in a research note on Thursday, May 28th. Desjardins reaffirmed a “buy” rating on shares of National Bank of Canada in a research report on Thursday, May 28th. Finally, National Bank Financial lowered National Bank of Canada from a “buy” rating to a “neutral” rating in a research report on Wednesday, May 13th. Two analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat.com, National Bank of Canada has a consensus rating of “Hold”.

National Bank of Canada Stock Performance

The company’s 50 day simple moving average is $150.66 and its 200 day simple moving average is $136.99. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.74 and a current ratio of 0.74. The stock has a market cap of $60.43 billion, a PE ratio of 19.19, a price-to-earnings-growth ratio of 1.41 and a beta of 0.88.

National Bank of Canada (OTCMKTS:NTIOF) last announced its earnings results on Wednesday, May 27th. The financial services provider reported $2.36 earnings per share for the quarter, topping analysts’ consensus estimates of $2.29 by $0.07. The firm had revenue of $2.87 billion for the quarter, compared to the consensus estimate of $2.81 billion. National Bank of Canada had a return on equity of 15.99% and a net margin of 14.49%. Analysts expect that National Bank of Canada will post 9.21 earnings per share for the current year.

National Bank of Canada Company Profile

National Bank of Canada (OTCMKTS: NTIOF) is a full‑service Canadian financial institution headquartered in Montreal, Quebec. The bank offers a broad range of products and services for personal, commercial and institutional clients, including deposit accounts, mortgages and consumer lending, small‑ and medium‑sized business banking, corporate lending, and cash management solutions.

In addition to traditional banking, National Bank provides wealth management and brokerage services through its private banking and advisory channels, and operates an investment banking and capital markets platform that delivers underwriting, advisory, trading and research services.