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

NN Group NV Unsponsored ADR (OTCMKTS:NNGRY) shares hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $44.7450 and last traded at $44.71, with a volume of 709 shares traded. The stock had previously closed at $42.93.

Analyst Upgrades and Downgrades

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 investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold”.

NN Group Trading Up 2.6%

The stock has a 50 day moving average price of $40.48 and a 200-day moving average price of $38.49. The company has a debt-to-equity ratio of 0.58, a quick ratio of 137.28 and a current ratio of 137.28.

NN Group Company Profile

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.