National Bank of Canada (OTCMKTS:NTIOF) Stock Passes Below 200-Day Moving Average – Time to Sell?

National Bank of Canada (OTCMKTS:NTIOF)’s stock price passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $91.06 and traded as low as $78.87. National Bank of Canada shares last traded at $79.65, with a volume of 153,043 shares.

Wall Street Analysts Forecast Growth

NTIOF has been the subject of a number of recent research reports. CIBC restated a “neutral” rating on shares of National Bank of Canada in a research note on Wednesday, March 5th. Cormark downgraded National Bank of Canada from a “moderate buy” rating to a “hold” rating in a research note on Friday, February 21st. Finally, Cibc World Mkts lowered National Bank of Canada from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 18th.

National Bank of Canada Stock Down 5.4 %

The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.06. The firm’s 50 day moving average price is $85.08 and its two-hundred day moving average price is $91.04. The company has a market capitalization of $31.16 billion, a price-to-earnings ratio of 10.15 and a beta of 0.95.

National Bank of Canada Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Thursday, May 1st. Shareholders of record on Tuesday, April 1st will be paid a $0.7975 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a yield of 3.86%. National Bank of Canada’s dividend payout ratio is 39.92%.

About National Bank of Canada

National Bank of Canada provides financial services to individuals, businesses, institutional clients, and governments in Canada and internationally. It operates through four segments: Personal and Commercial, Wealth Management, Financial Markets, and U.S. Specialty Finance and International. The Personal and Commercial segment offers personal banking services, including transaction solutions, mortgage loans and home equity lines of credit, consumer loans, payment solutions, and savings and investment solutions; various insurance products; and commercial banking services, such as credit, and deposit, investment solutions, international trade, foreign exchange transactions, payroll, cash management, insurance, electronic transactions, and complimentary services.