NN Group (OTCMKTS:NNGRY) Stock Jumps 0.5% – Still a Buy?

NN Group NV Unsponsored ADR (OTCMKTS:NNGRY) shot up 0.5% on Wednesday. The company traded as high as $43.16 and last traded at $43.02. Approximately 28,908 shares were traded during mid-day trading, a decline of 29% from the average session volume of 40,719 shares. The stock had previously closed at $42.81.

Wall Street Analyst Weigh In

NNGRY has been the topic of a number of recent analyst reports. Zacks Research upgraded NN Group to a “hold” rating in a research report on Friday, August 14th. Citigroup restated a “neutral” rating on shares of NN Group in a research report on Tuesday, September 1st. Two investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy”.

NN Group Stock Up 0.5%

The firm’s fifty day moving average is $44.59 and its 200 day moving average is $43.98.

NN Group Company Profile

NN Group N.V. is a Netherlands-based financial services company that provides insurance, retirement, investment and banking-related products to individuals, businesses and institutional customers. Its activities include life and protection insurance, property and casualty insurance, pensions, retirement solutions, mortgages and other financial services.

The company operates primarily through the Nationale-Nederlanden and NN brands. Its insurance and retirement operations serve customers in the Netherlands and selected European markets, while its investment management business provides asset-management services to institutional and individual investors.