Svenska Handelsbanken AB (publ) (OTCMKTS:SVNLY) Stock Price Passes Above 50 Day Moving Average – Here’s What Happened

Svenska Handelsbanken AB (publ) (OTCMKTS:SVNLY) 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.

Analyst Ratings Changes

Separately, The Goldman Sachs Group upgraded shares of Svenska Handelsbanken AB (publ) to a “strong sell” rating in a research note on Friday, September 27th.

Svenska Handelsbanken AB (publ) Stock Performance

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

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