Swedbank AB (publ) (OTCMKTS:SWDBY) Stock Price Crosses Below Fifty Day Moving Average – Here’s What Happened

Swedbank AB (publ) (OTCMKTS:SWDBY) crossed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of SEK 20.75 and traded as low as SEK 20.36. Swedbank AB (publ) shares last traded at SEK 20.44, with a volume of 12,700 shares trading hands.

Wall Street Analyst Weigh In

Separately, The Goldman Sachs Group raised Swedbank AB (publ) to a “hold” rating in a research report on Friday, September 27th.

Swedbank AB (publ) Trading Up 0.4 %

The business has a 50-day moving average price of SEK 20.75 and a 200-day moving average price of SEK 20.47. The company has a quick ratio of 1.53, a current ratio of 1.53 and a debt-to-equity ratio of 4.52. The firm has a market capitalization of $23.14 billion, a P/E ratio of 7.00, a PEG ratio of 0.71 and a beta of 0.93.

Swedbank AB (publ) (OTCMKTS:SWDBY) last announced its quarterly earnings results on Wednesday, October 23rd. The financial services provider reported SEK 0.80 earnings per share (EPS) for the quarter, beating the consensus estimate of SEK 0.68 by SEK 0.12. The firm had revenue of SEK 3.37 billion for the quarter. Swedbank AB (publ) had a net margin of 25.27% and a return on equity of 17.72%. Analysts anticipate that Swedbank AB will post 2.62 earnings per share for the current year.

Swedbank AB (publ) Company Profile

Swedbank AB (publ) provides various banking products and services to private and corporate customers in Sweden, Estonia, Latvia, Lithuania, Norway, the United States, Finland, Denmark, Luxembourg, and China. The company operates through three business areas: Swedish Banking, Baltic Banking, and Corporates and Institutions.