ageas SA/NV (OTCMKTS:AGESY) Sees Large Drop in Short Interest

ageas SA/NV (OTCMKTS:AGESY) saw a significant decrease in short interest in the month of December. As of December 31st, there was short interest totalling 2,900 shares, a decrease of 78.4% from the December 15th total of 13,400 shares. Based on an average daily trading volume, of 13,300 shares, the short-interest ratio is currently 0.2 days.

Shares of AGESY stock opened at $56.24 on Friday. The firm has a fifty day moving average of $52.22 and a two-hundred day moving average of $51.30. ageas SA/NV has a 1-year low of $45.17 and a 1-year high of $67.11. The firm has a market cap of $10.74 billion, a P/E ratio of 12.22 and a beta of 0.72.

ageas SA/NV (OTCMKTS:AGESY) last issued its quarterly earnings data on Wednesday, November 10th. The financial services provider reported $1.01 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.70 by $0.31. The firm had revenue of $3.79 billion for the quarter. ageas SA/NV had a net margin of 5.19% and a return on equity of 5.32%. Equities research analysts predict that ageas SA/NV will post 5.35 earnings per share for the current fiscal year.

Several research firms recently issued reports on AGESY. Credit Suisse Group reissued an “underperform” rating on shares of ageas SA/NV in a research report on Wednesday, November 24th. UBS Group restated a “neutral” rating on shares of ageas SA/NV in a report on Thursday, December 2nd. Finally, Zacks Investment Research downgraded shares of ageas SA/NV from a “hold” rating to a “sell” rating in a research note on Tuesday, January 4th. Three research analysts have rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $59.00.

ageas SA/NV Company Profile

ageas SA/NV engages in the provision of life and non-life insurance, investments, and real estate services. It operates through the following segments: Belgium, the United Kingdom, Continental Europe, Asia, Reinsurance, and General Account. The Belgium segment offers life and non-life products to private individuals and small to medium enterprises under the name of AG insurance.

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