National Australia Bank (OTCMKTS:NABZY) Stock Crosses Above 200-Day Moving Average – Time to Sell?

Shares of National Australia Bank Ltd. (OTCMKTS:NABZY) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $13.91 and traded as high as $15.54. National Australia Bank shares last traded at $15.19, with a volume of 175,691 shares trading hands.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on NABZY. Macquarie upgraded shares of National Australia Bank from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 21st. UBS Group raised shares of National Australia Bank from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 27th. Finally, Zacks Research raised National Australia Bank from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 12th. Three analysts have rated the stock with a Strong Buy rating and two have assigned a Sell rating to the company. According to MarketBeat, National Australia Bank has a consensus rating of “Moderate Buy” and a consensus price target of $38.00.

National Australia Bank Stock Performance

The company’s 50-day moving average is $14.17 and its 200-day moving average is $13.91. The company has a debt-to-equity ratio of 2.88, a current ratio of 1.23 and a quick ratio of 1.23.

National Australia Bank Company Profile

National Australia Bank (OTCMKTS: NABZY) is one of Australia’s largest banking groups, offering a broad range of financial services to retail, small business, corporate and institutional customers. Its core activities include personal and business banking — such as deposits, home and business lending, credit cards and payment services — as well as wealth management, insurance, markets and specialist lending. The bank provides transaction and cash management solutions, financing and advisory services to corporate clients and institutional investors.

Headquartered in Melbourne, NAB traces its corporate origins to a 1982 merger between the National Bank of Australasia and the Commercial Banking Company of Sydney, with precursor institutions dating to the 19th century.