Danske Bank (OTCMKTS:DNKEY) Sees Unusually-High Trading Volume – Here’s What Happened

Shares of Danske Bank (OTCMKTS:DNKEY) saw unusually-high trading volume on Tuesday . Approximately 176,989 shares traded hands during mid-day trading, an increase of 282% from the previous session’s volume of 46,301 shares.The stock last traded at $26.30 and had previously closed at $25.58.

Analysts Set New Price Targets

DNKEY has been the subject of a number of analyst reports. Barclays restated an “overweight” rating on shares of Danske Bank in a research note on Wednesday, December 10th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Danske Bank in a research report on Monday, November 3rd. Citigroup reaffirmed a “buy” rating on shares of Danske Bank in a research report on Thursday. Finally, Morgan Stanley reiterated an “overweight” rating on shares of Danske Bank in a research note on Friday, January 9th. Four analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy”.

Danske Bank Trading Up 3.0%

The company has a current ratio of 1.76, a quick ratio of 1.76 and a debt-to-equity ratio of 7.16. The stock has a market capitalization of $44.00 billion, a PE ratio of 13.04 and a beta of 0.61. The stock has a 50 day moving average price of $24.19 and a 200-day moving average price of $22.21.

Danske Bank (OTCMKTS:DNKEY) last posted its quarterly earnings data on Friday, October 31st. The financial services provider reported $0.52 EPS for the quarter, beating analysts’ consensus estimates of $0.50 by $0.02. The company had revenue of $2.15 billion during the quarter, compared to analysts’ expectations of $2.15 billion. Danske Bank had a return on equity of 13.01% and a net margin of 40.42%. Sell-side analysts expect that Danske Bank will post 1.84 earnings per share for the current 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.