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

Shares of Danske Bank (OTCMKTS:DNKEY) saw unusually-strong trading volume on Monday . Approximately 162,099 shares changed hands during mid-day trading, an increase of 764% from the previous session’s volume of 18,763 shares.The stock last traded at $25.28 and had previously closed at $25.1050.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on DNKEY shares. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Danske Bank in a research note on Monday, November 3rd. Morgan Stanley reiterated an “overweight” rating on shares of Danske Bank in a research report on Monday, November 24th. Barclays restated an “overweight” rating on shares of Danske Bank in a research report on Wednesday, December 10th. Finally, Citigroup reiterated a “buy” rating on shares of Danske Bank in a research report on Tuesday, October 14th. Four investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy”.

Danske Bank Trading Up 1.0%

The company has a debt-to-equity ratio of 7.16, a quick ratio of 1.76 and a current ratio of 1.76. The firm has a 50-day moving average of $23.42 and a 200-day moving average of $21.69. The firm has a market capitalization of $42.33 billion, a P/E ratio of 12.55 and a beta of 0.61.

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

About Danske Bank

Danske Bank A/S is a major Danish banking group headquartered in Copenhagen. The firm traces its origins to the 19th century and has grown through mergers and organic expansion into one of the region’s largest financial institutions. Its shares are primarily listed on Nasdaq Copenhagen, and American investors may encounter the bank’s ADR trading on the U.S. over-the-counter market under the symbol DNKEY.

The bank provides a broad range of financial products and services across retail, commercial and institutional segments.