Svenska Handelsbanken AB (publ) (OTCMKTS:SVNLY) Share Price Passes Below 50 Day Moving Average – Time to Sell?

Svenska Handelsbanken AB (publ) (OTCMKTS:SVNLY)’s stock price passed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $5.00 and traded as low as $4.82. Svenska Handelsbanken AB (publ) shares last traded at $4.83, with a volume of 1,501,830 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group upgraded Svenska Handelsbanken AB (publ) to a “strong sell” rating in a report on Friday, September 27th.

Svenska Handelsbanken AB (publ) Price Performance

The company has a debt-to-equity ratio of 0.16, a current ratio of 2.06 and a quick ratio of 2.06. The business’s 50 day moving average price is $5.00 and its 200 day moving average price is $4.83. The stock has a market capitalization of $18.97 billion, a P/E ratio of 7.09, a price-to-earnings-growth ratio of 1.29 and a beta of 0.86.

Svenska Handelsbanken AB (publ) (OTCMKTS:SVNLY) last posted its earnings results on Wednesday, July 17th. The company reported $0.16 EPS for the quarter, topping analysts’ consensus estimates of $0.14 by $0.02. The business had revenue of $1.41 billion during the quarter, compared to the consensus estimate of $1.40 billion. Svenska Handelsbanken AB (publ) had a net margin of 14.98% and a return on equity of 13.76%. Sell-side analysts forecast that Svenska Handelsbanken AB will post 0.63 EPS for the current year.

Svenska Handelsbanken AB (publ) Company Profile

Svenska Handelsbanken AB (publ) provides various banking products and services for private and corporate customers primarily in Sweden, the United Kingdom, Norway, the Netherlands, the United States, Luxembourg, Finland, and Poland. The company offers savings, transactions, business, currency, and investment accounts, as well as accounts for cash pool, and forestry and agriculture; mortgage and committed loans, and private loans; mutual funds; pension products; credit and debit cards; and payment and reconciliation services, as well as foreign exchange rate services.