Svenska Handelsbanken Ab Publ (OTCMKTS:SVNLY) Stock Crosses Above Fifty Day Moving Average – Should You Sell?

Svenska Handelsbanken Ab Publ (OTCMKTS:SVNLY)’s share price passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $6.46 and traded as high as $6.56. Svenska Handelsbanken Ab Publ shares last traded at $6.56, with a volume of 107,751 shares changing hands.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on SVNLY shares. Citigroup restated a “neutral” rating on shares of Svenska Handelsbanken Ab Publ in a report on Tuesday, October 14th. Morgan Stanley reissued an “underweight” rating on shares of Svenska Handelsbanken Ab Publ in a research report on Tuesday, September 2nd. Five investment analysts have rated the stock with a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Reduce”.

Svenska Handelsbanken Ab Publ Stock Performance

The company has a 50 day moving average price of $6.46 and a 200-day moving average price of $6.44. The company has a quick ratio of 2.06, a current ratio of 2.06 and a debt-to-equity ratio of 0.19. The company has a market cap of $25.98 billion, a P/E ratio of 10.75 and a beta of 0.70.

Svenska Handelsbanken Ab Publ (OTCMKTS:SVNLY) last released its earnings results on Wednesday, October 22nd. The company reported $0.16 EPS for the quarter, topping analysts’ consensus estimates of $0.15 by $0.01. The business had revenue of $1.50 billion for the quarter, compared to the consensus estimate of $1.49 billion. Svenska Handelsbanken Ab Publ had a net margin of 15.97% and a return on equity of 13.07%. Equities analysts expect that Svenska Handelsbanken Ab Publ will post 0.54 EPS for the current fiscal 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.