National Bank of Canada (OTCMKTS:NTIOF) Stock Price Passes Above 50-Day Moving Average – Should You Sell?

National Bank of Canada (OTCMKTS:NTIOF) shares crossed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $106.85 and traded as high as $107.68. National Bank of Canada shares last traded at $106.94, with a volume of 12,652 shares.

Analyst Upgrades and Downgrades

A number of analysts have commented on the company. Cibc World Mkts upgraded National Bank of Canada from a “strong sell” rating to a “hold” rating in a research report on Friday, August 1st. Scotiabank reiterated an “outperform” rating on shares of National Bank of Canada in a research report on Thursday, August 28th. Finally, Royal Bank Of Canada reiterated a “sector perform” rating on shares of National Bank of Canada in a research report on Thursday, August 28th. Two investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, National Bank of Canada presently has a consensus rating of “Hold”.

National Bank of Canada Price Performance

The company has a debt-to-equity ratio of 0.11, a current ratio of 0.75 and a quick ratio of 0.75. The company has a 50-day moving average price of $106.85 and a 200-day moving average price of $97.16. The firm has a market capitalization of $41.93 billion, a PE ratio of 14.59 and a beta of 0.98.

National Bank of Canada (OTCMKTS:NTIOF) last issued its quarterly earnings data on Wednesday, August 27th. The financial services provider reported $1.95 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.98 by ($0.03). National Bank of Canada had a net margin of 15.34% and a return on equity of 16.05%. The company had revenue of $2.49 billion during the quarter, compared to analysts’ expectations of $3.47 billion. Sell-side analysts forecast that National Bank of Canada will post 7.63 EPS for the current year.

National Bank of Canada Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Saturday, November 1st. Stockholders of record on Tuesday, September 30th will be given a $0.8531 dividend. This represents a dividend yield of 313.0%. The ex-dividend date is Monday, September 29th. National Bank of Canada’s dividend payout ratio is currently 47.34%.

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.