Banco de Sabadell (OTCMKTS:BNDSY) Trading Up 5.6% – Still a Buy?

Banco de Sabadell, S.A. (OTCMKTS:BNDSYGet Free Report) was up 5.6% during mid-day trading on Wednesday . The stock traded as high as $8.11 and last traded at $8.11. Approximately 680 shares traded hands during mid-day trading, a decline of 93% from the average daily volume of 9,527 shares. The stock had previously closed at $7.68.

Banco de Sabadell Stock Performance

The business has a 50-day moving average price of $7.49 and a 200 day moving average price of $7.37.

Banco de Sabadell Company Profile

(Get Free Report)

Grupo Banco Sabadell SA, traded in the U.S. on the OTC market under the symbol BNDSY, is a diversified banking group headquartered in Alicante, Spain, with roots dating back to its founding in 1881 in the city of Sabadell. The bank provides a full range of financial services, including retail and commercial lending, deposit accounts, mortgages, credit and debit card programs, leasing, factoring, and consumer finance. It also offers corporate and investment banking solutions such as syndicated loans, debt issuance, trade finance, and foreign exchange services.

Over its history, Banco Sabadell has grown through a series of domestic and international acquisitions, establishing itself as one of Spain’s leading financial institutions.

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