National Bank of Canada (OTCMKTS:NTIOF) Shares Pass Above 50 Day Moving Average – Time to Sell?

National Bank of Canada (OTCMKTS:NTIOF)’s share price passed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $144.98 and traded as high as $146.68. National Bank of Canada shares last traded at $146.32, with a volume of 2,174 shares.

Analyst Ratings Changes

NTIOF has been the subject of a number of research analyst reports. Zacks Research lowered National Bank of Canada from a “strong-buy” rating to a “hold” rating in a report on Monday, April 27th. Canadian Imperial Bank of Commerce reiterated a “neutral” rating on shares of National Bank of Canada in a research report on Thursday, May 28th. Raymond James Financial reissued a “market perform” rating on shares of National Bank of Canada in a report on Tuesday, May 12th. National Bank Financial cut National Bank of Canada from a “buy” rating to a “neutral” rating in a report on Wednesday, May 13th. Finally, Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of National Bank of Canada in a report on Thursday, May 28th. Two equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat.com, National Bank of Canada currently has an average rating of “Hold”.

National Bank of Canada Stock Performance

The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 0.11. The stock has a market cap of $56.40 billion, a P/E ratio of 17.89, a PEG ratio of 1.31 and a beta of 0.88. The business has a 50 day moving average price of $144.98 and a 200 day moving average price of $132.83.

National Bank of Canada (OTCMKTS:NTIOF) last announced its quarterly earnings results on Wednesday, May 27th. The financial services provider reported $2.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.29 by $0.07. The firm had revenue of $2.87 billion during the quarter, compared to analyst estimates of $2.81 billion. National Bank of Canada had a return on equity of 16.10% and a net margin of 14.49%. As a group, sell-side analysts expect that National Bank of Canada will post 9.21 EPS for the current year.

About National Bank of Canada

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.