ING Group Stock Went Down By Over 21% In The Last 10 Sessions

(VIANEWS) – Shares of ING Group (NYSE: ING) dropped by a staggering 21.14% in 10 sessions from $14.33 to $11.30 at 14:08 EST on Monday, following the last session’s downward trend. NYSE is rising 1.14% to $14,766.07, following the last session’s downward trend.

ING Group’s last close was $11.21, 23.85% under its 52-week high of $14.72.

About ING Group

ING Groep N.V., a financial institution, provides various banking products and services in the Netherlands, Belgium, Germany, Poland, Rest of Europe, North America, Latin America, Asia, and Australia. It operates in six segments: Retail Netherlands, Retail Belgium, Retail Germany, Retail Other, Wholesale Banking, and Corporate Line Banking. The company accepts various deposits, such as current and savings accounts; and offers business lending products, as well as consumer lending products, such as residential mortgage loans, term loans, and revolver and personal loans. It also provides debt capital market, working capital, export finance, daily banking, treasury and risk, and corporate finance solutions; and specialized lending, equity market, finance, payments and cash management, and trade services and solutions, as well as savings, investment, insurance, mortgage, and digital banking services. The company serves customers, corporate clients, and financial institutions, including small and medium-sized, and mid-corporates. ING Groep N.V. was founded in 1762 and is headquartered in Amsterdam, the Netherlands.

Earnings Per Share

As for profitability, ING Group has a trailing twelve months EPS of $0.77.

PE Ratio

ING Group has a trailing twelve months price to earnings ratio of 14.71. Meaning, the purchaser of the share is investing $14.71 for every dollar of annual earnings.

The company’s return on equity, which measures the profitability of a business relative to shareholder’s equity, for the twelve trailing months is 7.19%.

Moving Average

ING Group’s worth is way below its 50-day moving average of $13.58 and above its 200-day moving average of $11.02.

Revenue Growth

Year-on-year quarterly revenue growth grew by 9.4%, now sitting on 16.7B for the twelve trailing months.

More news about ING Group (ING).

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