NN Group (OTCMKTS:NNGRY) Reaches New 1-Year High – Here’s What Happened

Shares of NN Group NV Unsponsored ADR (OTCMKTS:NNGRY) reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $46.12 and last traded at $45.90, with a volume of 26734 shares changing hands. The stock had previously closed at $45.56.

Wall Street Analysts Forecast Growth

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 three have issued a Hold rating to the company. According to MarketBeat.com, NN Group currently has an average rating of “Hold”.

NN Group Stock Up 1.9%

The business’s 50 day simple moving average is $43.44 and its 200 day simple moving average is $41.66. 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.