Svenska Handelsbanken Ab Publ (OTCMKTS:SVNLY) Stock Passes Above Fifty Day Moving Average – Here’s What Happened

Svenska Handelsbanken Ab Publ (OTCMKTS:SVNLY) crossed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $7.51 and traded as high as $7.86. Svenska Handelsbanken Ab Publ shares last traded at $7.84, with a volume of 67,625 shares.

Analyst Upgrades and Downgrades

SVNLY has been the topic of several recent research reports. The Goldman Sachs Group reissued a “sell” rating on shares of Svenska Handelsbanken Ab Publ in a research note on Monday, July 20th. Morgan Stanley restated an “underweight” rating on shares of Svenska Handelsbanken Ab Publ in a research note on Tuesday. Citigroup downgraded shares of Svenska Handelsbanken Ab Publ from a “hold” rating to a “sell” rating in a report on Thursday, July 16th. Finally, Barclays reaffirmed an “underweight” rating on shares of Svenska Handelsbanken Ab Publ in a report on Monday, June 22nd. One analyst has rated the stock with a Hold rating and four have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Strong Sell”.

Svenska Handelsbanken Ab Publ Stock Up 0.5%

The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.02 and a current ratio of 2.02. The firm has a fifty day moving average price of $7.51 and a 200 day moving average price of $7.32. The firm has a market capitalization of $31.05 billion, a price-to-earnings ratio of 11.04, a PEG ratio of 4.60 and a beta of 0.61.

Svenska Handelsbanken Ab Publ (OTCMKTS:SVNLY) last announced its quarterly earnings data on Wednesday, July 15th. The company reported $0.14 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.14. The firm had revenue of $1.40 billion for the quarter, compared to analyst estimates of $1.45 billion. Svenska Handelsbanken Ab Publ had a return on equity of 14.30% and a net margin of 17.75%. As a group, sell-side analysts expect that Svenska Handelsbanken Ab Publ will post 0.6 EPS for the current fiscal year.

About Svenska Handelsbanken Ab Publ

Svenska Handelsbanken AB (publ) is a Sweden-based universal bank offering a broad range of financial services to private individuals, businesses and institutions. Established in 1871 and headquartered in Stockholm, the bank operates on a decentralized branch model that empowers locally managed offices to deliver tailored banking solutions. Svenska Handelsbanken provides core services such as deposit accounts, lending, payment services and credit cards, alongside specialized corporate offerings including trade finance, cash management and leasing.

In addition to its commercial banking activities, Handelsbanken maintains a dedicated investment banking arm known as Handelsbanken Capital Markets, which offers services in equity and debt underwriting, corporate finance advisory and research.