Swedbank AB (publ) (OTCMKTS:SWDBY) Reaches New 1-Year High – Here’s What Happened

Swedbank AB (publ) (OTCMKTS:SWDBY)’s share price reached a new 52-week high on Tuesday . The company traded as high as SEK 24.30 and last traded at SEK 24.27, with a volume of 28189 shares changing hands. The stock had previously closed at SEK 23.68.

Wall Street Analyst Weigh In

Separately, Barclays lowered shares of Swedbank AB (publ) from a “hold” rating to a “strong sell” rating in a research note on Monday, February 3rd.

Swedbank AB (publ) Stock Performance

The stock has a fifty day moving average price of SEK 21.05 and a 200 day moving average price of SEK 20.63. The company has a current ratio of 1.50, a quick ratio of 1.50 and a debt-to-equity ratio of 4.28. The firm has a market cap of $27.31 billion, a price-to-earnings ratio of 8.28, a price-to-earnings-growth ratio of 0.90 and a beta of 0.92.

Swedbank AB (publ) (OTCMKTS:SWDBY) last announced its quarterly earnings results on Thursday, January 23rd. The financial services provider reported SEK 0.70 EPS for the quarter. Swedbank AB (publ) had a return on equity of 17.32% and a net margin of 23.64%. As a group, analysts predict that Swedbank AB will post 2.3 earnings per share for the current year.

About Swedbank AB (publ)

Swedbank AB (publ) provides various banking products and services to private and corporate customers in Sweden, Estonia, Latvia, Lithuania, Norway, the United States, Finland, Denmark, Luxembourg, and China. The company operates through three business areas: Swedish Banking, Baltic Banking, and Corporates and Institutions.