Svenska Handelsbanken Ab Publ (OTCMKTS:SVNLY) Share Price Crosses Below 50-Day Moving Average – Should You Sell?

Svenska Handelsbanken Ab Publ (OTCMKTS:SVNLY)’s stock price passed below its 50-day moving average during trading on Friday. The stock has a 50-day moving average of $7.69 and traded as low as $7.5603. Svenska Handelsbanken Ab Publ shares last traded at $7.60, with a volume of 424,453 shares trading hands.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the stock. Citigroup lowered shares of Svenska Handelsbanken Ab Publ from a “hold” rating to a “sell” rating in a research note on Thursday, July 16th. The Goldman Sachs Group reissued a “sell” rating on shares of Svenska Handelsbanken Ab Publ in a research report on Monday, July 20th. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Svenska Handelsbanken Ab Publ in a report on Wednesday, September 16th. Morgan Stanley reaffirmed an “underweight” rating on shares of Svenska Handelsbanken Ab Publ in a research report on Tuesday, September 1st. Finally, Barclays reiterated an “underweight” rating on shares of Svenska Handelsbanken Ab Publ in a research note on Monday, June 22nd. One investment analyst has rated the stock with a Hold rating and four have issued a Sell rating to the company. According to data from MarketBeat, Svenska Handelsbanken Ab Publ presently has a consensus rating of “Strong Sell”.

Svenska Handelsbanken Ab Publ Stock Performance

The company has a market cap of $30.10 billion, a P/E ratio of 10.70, a price-to-earnings-growth ratio of 0.45 and a beta of 0.62. The company’s 50-day moving average is $7.69 and its two-hundred day moving average is $7.32. The company has a quick ratio of 2.02, a current ratio of 2.02 and a debt-to-equity ratio of 0.19.

Svenska Handelsbanken Ab Publ (OTCMKTS:SVNLY) last posted its quarterly earnings data on Wednesday, July 15th. The company reported $0.14 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.14. The business had revenue of $1.40 billion during the quarter, compared to the consensus estimate of $1.45 billion. Svenska Handelsbanken Ab Publ had a net margin of 17.75% and a return on equity of 14.30%. Equities analysts predict that Svenska Handelsbanken Ab Publ will post 0.59 EPS for the current year.

Svenska Handelsbanken Ab Publ Company Profile

Svenska Handelsbanken AB publ is a Swedish universal bank founded in Stockholm in 1871. The company provides banking and financial services to individuals, businesses and institutional customers, with an emphasis on relationship-based banking and local decision-making.

Its products and services include current and savings accounts, mortgages, consumer lending, corporate loans, payment services, cash management, trade finance, investment services, pensions and wealth management. Through its asset-management operations, the group also offers investment products and related advisory services.

Handelsbanken serves customers primarily in Sweden, Norway, the United Kingdom and the Netherlands through branch and digital banking channels.