Shares of NGS Group AB (STO:publ) last traded at 22.2, representing a move of 0.91%, or 0.2 per share, on volume of 3,422 shares. After opening the trading day at 21.6, shares of NGS Group AB traded in a close range. NGS Group AB currently has a total float of 9.02 million shares and on average sees 17,220 shares exchange hands each day. The stock now has a 52-week low of 19.5 and high of 43.5.
Getting To Know The OMXS30
Sweden is a uniquely powerful economy in Europe just like Germany, France, and other thriving European economies. Its rich equity market is a proof of its excellent corporate governance that every investor is looking for when it comes to foreign investments. They are looking for NGS Group AB to check its reliability.
The Swedish Equity Market
The Stockholm Stock Exchange, commonly known as Nasdaq Stockholm, is the main stock exchange in Sweden situated in Frihamnen, Stockholm. NGS Group AB is one of the NASDAQ most active participants. It is operated by Nasdaq Nordiq, a 13-year-old subsidiary of Nasdaq, Inc.
Nasdaq Nordiq was established in 2003 for the primary purpose of overseeing the stock exchanges in Nordic countries. Aside from the Nasdaq Stockholm, it also operates the Tallinn Stock Exchange, commonly known as Nasdaq Baltic; the Riga Stock Exchange, commonly known as Nasdaq Baltic; the Iceland Stock Exchange, commonly known as Nasdaq Iceland; the Helsinki Stock Exchange, commonly known as Nasdaq Helsinki; the Copenhagen Stock Exchange, commonly known as Nasdaq Copenhagen; and the Armenia Stock Exchange, commonly known as Nasdaq OMX Armenia.
The Nasdaq Stockholm has been present since 1863, making it one of the oldest European stock exchanges. It has only adopted electronic trading on June 1, 1990. Prior to this, floor trading had happened at the Stockholm Stock Exchange Building.
The regular session on the Nasdaq Stockholm commences from 9:00 a.m. until 5:00 p.m. every business day. That is the time for NGS Group AB to count its gain.
The OMX Stockholm 30 Index (OMXS30) is the market-capitalization-weighted index that monitors the 30 most active stocks on the Nasdaq Stockholm. Numerous sectors make up the OMXS30; and the top three largest sectors are Industrials, Financials, and Consumer Services. Being the benchmark index in Sweden, it is a crucial indicator of the Swedish economy.
The OMXS30 is rebalanced twice a year, ensuring a strong indication of how well the Swedish equity market is. As such, some components may be dropped to give way to other companies that are more competitive. Several factors such as liquidity, market capitalization, and industry representation play major role in a stock’s inclusion to the OMXS30.
By the Numbers
As of the end of the first quarter of 2016, the Nasdaq Stockholm has a market capitalization of nearly $1.30 trillion with over 300 stocks listed on it.
Meanwhile, the OMXS30 holds an all-time low of 98.86 points, which was last seen in November 1987. Sweden is one of the many countries that had suffered from Black Monday, a remarkable global equity market meltdown in history that began with the sinking of stocks on the Stock Exchange of Hong Kong (HK).
Gradually, the Swedish economy was able to overcome all other challenges through the years. In April 2015, the OMXS30 had reached an all-time high of 1,719.93 points.
The Nasdaq Stockholm is one of the most valuable and most competitive stock exchanges in Europe. Because of an attractive borrowing environment in European Union (EU) countries such as Sweden, many investors are flocking the Swedish equity market. There is no better way to take advantage of these growth opportunities than to invest in European stocks such as those listed on the Nasdaq Stockholm. And look for NGS Group AB advantages.
More notable recent NGS Group AB (STO:publ) news were published by: Nytimes.com which released: “New Sentences: From Nasser Hussain’s ‘SKY WRI TEI NGS’ – The New York Times” on January 03, 2019, also Seekingalpha.com with their article: “Vulcan Materials Company 2018 Q4 – Results – Earnings Call Slides – Seeking Alpha” published on February 14, 2019, Nature.com published: “Tailoring the Two Dimensional Electron Gas at Polar ABO3/SrTiO3 Interfaces for Oxide Electronics – Nature.com” on August 26, 2015. More interesting news about NGS Group AB (STO:publ) were released by: Nature.com and their article: “Parallel charge sheets of electron liquid and gas in La0.5Sr0.5TiO3/SrTiO3 heterostructures – Nature.com” published on December 16, 2015 as well as Businesswire.com‘s news article titled: “Chi-Med and AstraZeneca Initiate SAVOIR, a Global Phase III Trial of Savolitinib in Papillary Renal Cell Carcinoma – Business Wire” with publication date: June 29, 2017.
NGS Group AB operates as a staffing and consulting firm in the healthcare, education, and economics areas primarily in Sweden and Norway. The company has market cap of $200.31 million. The firm hires and recruits nurses, specialist nurses, doctors, medical secretaries, and assistants to the public and private sectors; and offers medical staffing services with a focus on primary care and psychiatry. It has a 7.03 P/E ratio. It also provides staffing services in preschool, and primary and secondary education, including teachers, preschool teachers, nannies, student assistants, cooks, and recreation in short and long term.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.