NN Group (OTCMKTS:NNGRY) Hits New 52-Week High – Here’s Why

NN Group NV Unsponsored ADR (OTCMKTS:NNGRY)’s share price hit a new 52-week high during mid-day trading on Monday . The company traded as high as $42.77 and last traded at $42.77, with a volume of 31991 shares traded. The stock had previously closed at $41.8550.

Wall Street Analysts Forecast Growth

Separately, Zacks Research upgraded shares of NN Group from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, February 18th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Hold”.

NN Group Price Performance

The stock’s 50 day moving average is $39.73 and its 200-day moving average is $37.63.

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.