Danske Bank (OTCMKTS:DNKEY) Shares Gap Down – Here’s What Happened

Danske Bank (OTCMKTS:DNKEY)’s stock price gapped down before the market opened on Monday . The stock had previously closed at $24.90, but opened at $23.47. Danske Bank shares last traded at $23.54, with a volume of 1,073 shares changing hands.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. Barclays restated an “overweight” rating on shares of Danske Bank in a research report on Wednesday, December 10th. Morgan Stanley reissued an “overweight” rating on shares of Danske Bank in a research note on Thursday, February 12th. Finally, Citigroup reissued a “buy” rating on shares of Danske Bank in a report on Friday, February 20th. Four investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, Danske Bank currently has an average rating of “Moderate Buy”.

Danske Bank Stock Performance

The company has a debt-to-equity ratio of 7.44, a quick ratio of 1.81 and a current ratio of 1.81. The company has a market capitalization of $40.89 billion, a P/E ratio of 11.60 and a beta of 0.61. The business’s fifty day simple moving average is $25.66 and its 200-day simple moving average is $23.87.

Danske Bank (OTCMKTS:DNKEY) last released its quarterly earnings data on Thursday, February 5th. The financial services provider reported $0.60 EPS for the quarter, beating the consensus estimate of $0.54 by $0.06. The business had revenue of $2.41 billion during the quarter, compared to the consensus estimate of $2.31 billion. Danske Bank had a net margin of 40.52% and a return on equity of 13.25%. As a group, equities analysts anticipate that Danske Bank will post 1.84 earnings per share 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.