Swedbank (OTCMKTS:SWDBY) Stock Price Crosses Below 50-Day Moving Average – Time to Sell?

Swedbank AB (OTCMKTS:SWDBY) crossed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of SEK 35.69 and traded as low as SEK 34.72. Swedbank shares last traded at SEK 34.83, with a volume of 24,928 shares trading hands.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the company. Morgan Stanley reaffirmed an “underweight” rating on shares of Swedbank in a research note on Thursday, February 12th. Zacks Research downgraded Swedbank from a “strong-buy” rating to a “hold” rating in a research note on Friday, March 27th. Finally, Citigroup reaffirmed a “neutral” rating on shares of Swedbank in a research note on Thursday. Three equities research analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, Swedbank presently has an average rating of “Reduce”.

Swedbank Stock Up 0.9%

The firm has a 50 day moving average of SEK 35.69 and a two-hundred day moving average of SEK 34.97. The stock has a market capitalization of $39.49 billion, a PE ratio of 11.75, a P/E/G ratio of 4.60 and a beta of 0.69. The company has a current ratio of 1.51, a quick ratio of 1.50 and a debt-to-equity ratio of 3.42.

Swedbank (OTCMKTS:SWDBY) last announced its earnings results on Wednesday, April 29th. The financial services provider reported SEK 0.71 EPS for the quarter. The firm had revenue of SEK 1.87 billion for the quarter. Swedbank had a return on equity of 15.02% and a net margin of 30.22%. Equities research analysts anticipate that Swedbank AB will post 3.05 earnings per share for the current year.

Swedbank Company Profile

Swedbank AB is a major Swedish banking group headquartered in Stockholm that provides a broad range of financial services to retail, corporate and institutional clients. The bank’s operations focus on traditional banking functions such as deposit-taking, lending and payment services, as well as wealth management and insurance solutions. Swedbank’s franchise is centered on serving households, small and medium-sized enterprises and larger corporate customers, with an emphasis on everyday banking and long-term client relationships.

Products and services offered by Swedbank include savings and current accounts, mortgages and consumer lending, business loans and transaction banking, payment and card services, and digital banking platforms.