Svenska Handelsbanken Ab Publ (OTCMKTS:SVNLY) Stock Price Crosses Below 50 Day Moving Average – Time to Sell?

Svenska Handelsbanken Ab Publ (OTCMKTS:SVNLY) shares passed below its 50-day moving average during trading on Monday. The stock has a 50-day moving average of $7.69 and traded as low as $7.50. Svenska Handelsbanken Ab Publ shares last traded at $7.52, with a volume of 220,135 shares traded.

Analyst Ratings Changes

Several equities analysts have commented on SVNLY shares. Barclays upgraded shares of Svenska Handelsbanken Ab Publ from an “underweight” rating to a “positive” rating in a research report on Friday, October 9th. Citigroup reissued a “sell” rating on shares of Svenska Handelsbanken Ab Publ in a research note on Friday, October 9th. The Goldman Sachs Group reissued a “sell” rating on shares of Svenska Handelsbanken Ab Publ in a research note on Monday, July 20th. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Svenska Handelsbanken Ab Publ in a report on Wednesday, September 16th. Finally, Morgan Stanley restated an “underweight” rating on shares of Svenska Handelsbanken Ab Publ in a research report on Tuesday, September 1st. One research analyst has rated the stock with a Buy rating, one has issued a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Reduce”.

Svenska Handelsbanken Ab Publ Price Performance

The company has a current ratio of 2.02, a quick ratio of 2.02 and a debt-to-equity ratio of 0.19. The company has a market capitalization of $30.25 billion, a PE ratio of 10.76 and a beta of 0.62. The stock’s 50-day moving average is $7.69 and its two-hundred day moving average is $7.33.

Svenska Handelsbanken Ab Publ (OTCMKTS:SVNLY) last announced its quarterly earnings data on Wednesday, July 15th. The company reported $0.14 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.14. The business had revenue of $1.40 billion during the quarter, compared to the consensus estimate of $1.45 billion. Svenska Handelsbanken Ab Publ had a net margin of 17.75% and a return on equity of 14.30%. On average, equities analysts predict that Svenska Handelsbanken Ab Publ will post 0.58 EPS for the current year.

Svenska Handelsbanken Ab Publ Company Profile

Svenska Handelsbanken AB publ is a Swedish universal bank founded in Stockholm in 1871. The company provides banking and financial services to individuals, businesses and institutional customers, with an emphasis on relationship-based banking and local decision-making.

Its products and services include current and savings accounts, mortgages, consumer lending, corporate loans, payment services, cash management, trade finance, investment services, pensions and wealth management. Through its asset-management operations, the group also offers investment products and related advisory services.

Handelsbanken serves customers primarily in Sweden, Norway, the United Kingdom and the Netherlands through branch and digital banking channels.