NatWest Group (OTCMKTS:RBSPF) Shares Gap Down – Here’s Why

NatWest Group PLC (OTCMKTS:RBSPF) gapped down before the market opened on Thursday . The stock had previously closed at $7.90, but opened at $7.22. NatWest Group shares last traded at $7.6250, with a volume of 5,285 shares changing hands.

NatWest Group Trading Down 3.4%

The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.14. The company has a market capitalization of $61.19 billion, a P/E ratio of 8.68 and a beta of 0.94. The firm’s 50-day moving average price is $8.59 and its 200 day moving average price is $7.98.

NatWest Group (OTCMKTS:RBSPF) last announced its quarterly earnings results on Friday, February 13th. The company reported $0.23 earnings per share for the quarter, beating the consensus estimate of $0.20 by $0.03. The business had revenue of $5.83 billion for the quarter, compared to analysts’ expectations of $5.72 billion. NatWest Group had a net margin of 18.59% and a return on equity of 13.05%.

NatWest Group Company Profile

NatWest Group plc is a major UK-based banking and financial services company headquartered in Edinburgh, Scotland. The group traces its roots to the Royal Bank of Scotland, founded in 1727, and grew through subsequent mergers and acquisitions—most notably the acquisition of National Westminster Bank (NatWest) in 2000. In 2020 the firm adopted the NatWest Group name to align the corporate identity more closely with its primary retail brand. Over its long history the group has undergone significant restructuring and recapitalization, including interventions and reforms following the global financial crisis.

NatWest Group operates across retail, commercial, corporate and institutional banking, as well as wealth management and private banking.