NN Group (OTCMKTS:NNGRY) Reaches New 12-Month High – Here’s Why

NN Group NV Unsponsored ADR (OTCMKTS:NNGRY) reached a new 52-week high during trading on Thursday . The stock traded as high as $48.11 and last traded at $45.95, with a volume of 224218 shares traded. The stock had previously closed at $46.16.

Wall Street Analysts Forecast Growth

Separately, Zacks Research downgraded shares of NN Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 20th. Two equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, NN Group has a consensus rating of “Moderate Buy”.

NN Group Trading Up 2.6%

The company has a quick ratio of 137.28, a current ratio of 137.28 and a debt-to-equity ratio of 0.58. The firm has a fifty day moving average price of $44.38 and a two-hundred day moving average price of $42.28.

About NN Group

NN Group N.V. (OTCMKTS:NNGRY) is a Dutch insurance and asset management company that provides a range of life and non-life insurance products, pension and retirement solutions, and investment management services. Its product offering typically includes individual and group life insurance, annuities, disability and health-related coverages, property & casualty insurance, and savings and retirement planning products aimed at both retail and corporate clients. The company also manages assets on behalf of its insurance operations and third-party institutional and individual investors.

NN Group traces its corporate structure to the Dutch insurer Nationale-Nederlanden and was established as a separate, publicly listed company following a demerger from ING Group in the mid-2010s.