Svenska Handelsbanken AB (publ) (OTCMKTS:SVNLY) Stock Price Passes Above Fifty Day Moving Average – Should You Sell?

Svenska Handelsbanken AB (publ) (OTCMKTS:SVNLY)’s share price 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 changing hands.

Analyst Ratings Changes

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

Svenska Handelsbanken AB (publ) Trading Up -1.6 %

The stock has a fifty day moving average of $5.10 and a two-hundred day moving average of $4.98. The company has a market capitalization of $19.96 billion, a PE ratio of 7.64, a PEG 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 announced its quarterly earnings data on Wednesday, October 23rd. The company reported $0.17 earnings per share for the quarter, topping analysts’ consensus estimates of $0.16 by $0.01. Svenska Handelsbanken AB (publ) had a net margin of 14.66% and a return on equity of 13.65%. The firm had revenue of $1.45 billion during the quarter. As a group, sell-side analysts anticipate that Svenska Handelsbanken AB will post 0.64 earnings per share for the current fiscal year.

About Svenska Handelsbanken AB (publ)

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.