Swedbank AB (publ) (OTCMKTS:SWDBY) Shares Cross Below 50 Day Moving Average – Here’s What Happened

Swedbank AB (publ) (OTCMKTS:SWDBY) crossed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of SEK 19.90 and traded as low as SEK 19.66. Swedbank AB (publ) shares last traded at SEK 19.67, with a volume of 32,800 shares trading hands.

Analyst Ratings Changes

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

Swedbank AB (publ) Trading Up 0.8 %

The company has a debt-to-equity ratio of 4.28, a current ratio of 1.50 and a quick ratio of 1.50. The firm’s fifty day moving average is SEK 19.90 and its two-hundred day moving average is SEK 20.42. The firm has a market capitalization of $22.44 billion, a PE ratio of 6.79, a PEG ratio of 0.69 and a beta of 0.92.

Swedbank AB (publ) (OTCMKTS:SWDBY) last announced its earnings results on Wednesday, October 23rd. The financial services provider reported SEK 0.80 earnings per share for the quarter, topping analysts’ consensus estimates 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 return on equity of 17.38% and a net margin of 25.27%. On average, equities analysts predict that Swedbank AB will post 2.65 EPS for the current fiscal year.

About Swedbank AB (publ)

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.