NN Group (OTCMKTS:NNGRY) Sees Strong Trading Volume – Here’s What Happened

NN Group NV Unsponsored ADR (OTCMKTS:NNGRY) saw unusually-high trading volume on Wednesday . Approximately 186,685 shares were traded during mid-day trading, an increase of 160% from the previous session’s volume of 71,850 shares.The stock last traded at $46.34 and had previously closed at $46.16.

Wall Street Analyst Weigh In

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

NN Group Stock Down 0.6%

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 business’s 50 day moving average is $44.06 and its 200-day moving average is $42.14.

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.