Svenska Handelsbanken AB (publ) (OTCMKTS:SVNLY) Shares Pass Above Fifty Day Moving Average – What’s Next?

Svenska Handelsbanken AB (publ) (OTCMKTS:SVNLY) shares crossed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $5.10 and traded as high as $5.24. Svenska Handelsbanken AB (publ) shares last traded at $5.04, with a volume of 50,024 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group raised Svenska Handelsbanken AB (publ) to a “strong sell” rating in a report on Friday, September 27th.

Svenska Handelsbanken AB (publ) Trading Up -1.6 %

The company has a debt-to-equity ratio of 0.15, a current ratio of 2.08 and a quick ratio of 2.08. The stock has a market cap of $19.96 billion, a P/E ratio of 7.64, a price-to-earnings-growth ratio of 1.38 and a beta of 0.84. The stock’s 50-day moving average is $5.10 and its two-hundred day moving average is $4.98.

Svenska Handelsbanken AB (publ) (OTCMKTS:SVNLY) last issued its quarterly earnings data on Wednesday, October 23rd. The company reported $0.17 earnings per share for the quarter, beating analysts’ consensus estimates of $0.16 by $0.01. The firm had revenue of $1.45 billion during the quarter. Svenska Handelsbanken AB (publ) had a return on equity of 13.65% and a net margin of 14.66%. Equities research analysts anticipate that Svenska Handelsbanken AB will post 0.64 EPS for the current 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.