Danske Bank (OTCMKTS:DNKEY) Sees Strong Trading Volume – Time to Buy?

Shares of Danske Bank (OTCMKTS:DNKEY) saw strong trading volume on Friday . 88,635 shares were traded during mid-day trading, an increase of 117% from the previous session’s volume of 40,759 shares.The stock last traded at $24.00 and had previously closed at $24.52.

Analyst Ratings Changes

DNKEY has been the subject of a number of research analyst reports. Zacks Research downgraded Danske Bank from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 19th. Morgan Stanley reaffirmed an “overweight” rating on shares of Danske Bank in a report on Monday, November 24th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Danske Bank in a report on Monday, November 3rd. Citigroup reaffirmed a “buy” rating on shares of Danske Bank in a report on Tuesday, October 14th. Finally, Barclays reaffirmed an “overweight” rating on shares of Danske Bank in a research report on Wednesday. Four research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy”.

Danske Bank Price Performance

The stock has a market capitalization of $39.98 billion, a price-to-earnings ratio of 11.85 and a beta of 0.61. The company has a quick ratio of 1.76, a current ratio of 1.76 and a debt-to-equity ratio of 7.16. The business has a 50-day simple moving average of $22.37 and a two-hundred day simple moving average of $21.16.

Danske Bank (OTCMKTS:DNKEY) last released its earnings results on Friday, October 31st. The financial services provider reported $0.52 EPS for the quarter, beating the consensus estimate of $0.50 by $0.02. The business had revenue of $2.15 billion during the quarter, compared to analyst estimates of $2.15 billion. Danske Bank had a net margin of 40.42% and a return on equity of 13.01%. As a group, research analysts predict that Danske Bank will post 1.84 earnings per share for the current fiscal year.

Danske Bank Company Profile

Danske Bank A/S provides various banking products and services to corporate, institutional, and international clients. The company offers insurance and pension products, mortgage finance and real-estate brokerage services, asset management and trading services in fixed income products, foreign exchange services, and equities.