Danske Bank A/S (OTCMKTS:DNKEY) Share Price Passes Below 50 Day Moving Average – Should You Sell?

Shares of Danske Bank A/S (OTCMKTS:DNKEY) crossed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $16.63 and traded as low as $16.22. Danske Bank A/S shares last traded at $16.30, with a volume of 27,862 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Morgan Stanley reiterated an “overweight” rating on shares of Danske Bank A/S in a research note on Friday, March 7th.

Danske Bank A/S Trading Down 2.2 %

The firm’s 50-day simple moving average is $16.63 and its 200 day simple moving average is $15.33. The company has a debt-to-equity ratio of 7.47, a current ratio of 1.79 and a quick ratio of 1.79. The firm has a market capitalization of $27.66 billion, a price-to-earnings ratio of 8.15 and a beta of 0.73.

Danske Bank A/S (OTCMKTS:DNKEY) last posted its quarterly earnings results on Friday, February 7th. The financial services provider reported $0.51 EPS for the quarter. Danske Bank A/S had a return on equity of 13.35% and a net margin of 41.90%. Equities analysts expect that Danske Bank A/S will post 1.84 earnings per share for the current year.

Danske Bank A/S Increases Dividend

The business also recently declared a dividend, which was paid on Tuesday, April 1st. Stockholders of record on Monday, March 24th were paid a $0.7642 dividend. This is an increase from Danske Bank A/S’s previous dividend of $0.46. The ex-dividend date of this dividend was Monday, March 24th. Danske Bank A/S’s dividend payout ratio (DPR) is presently 75.50%.

About Danske Bank A/S

Danske Bank A/S provides various banking products and services to corporate, institutional, and international clients. The company offers insurance and pension products, mortgage finance and real-estate brokerage services, asset management and trading services in fixed income products, foreign exchange services, and equities.