Tim Brake
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NBG pushing Financial Sector Downward

National Bank of Greece ( NBG) is one of the companies pushing the Financial sector lower yesterday. As of noon trading, National Bank of Greece is down $0.07 (-12.8%) to $0.46 on heavy volume. Thus far, 13.8 million shares of National Bank of Greece exchanged hands as compared to its average daily volume of 15.2 million shares. The stock has ranged in price between $0.43-$0.51 after having opened the day at $0.50 as compared to the previous trading day's close of $0.52.

National Bank of Greece S.A., together with its subsidiaries, provides diversified financial services. The company is involved in retail and commercial banking, asset management, investment banking, brokerage, and insurance activities. National Bank of Greece has a market cap of $2.1 billion and is part of the banking industry. Shares are down 70.8% year-to-date as of the close of trading on Tuesday. Currently there are no analysts that rate National Bank of Greece a buy, no analysts rate it a sell, and none rate it a hold.

TheStreet Ratings rates National Bank of Greece as a sell. 

The company's weaknesses can be seen in multiple areas, such as its feeble growth in its earnings per share, deteriorating net income, disappointing return on equity, poor profit margins and weak operating cash flow.