Svenska Handelsbanken Ab Publ (OTCMKTS:SVNLY) Share Price Passes Below Fifty Day Moving Average – What’s Next?

Svenska Handelsbanken Ab Publ (OTCMKTS:SVNLY)’s share price passed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $6.37 and traded as low as $6.33. Svenska Handelsbanken Ab Publ shares last traded at $6.41, with a volume of 565,675 shares.

Analyst Ratings Changes

A number of analysts have recently weighed in on the company. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Svenska Handelsbanken Ab Publ in a research report on Tuesday, May 13th. Kepler Capital Markets lowered Svenska Handelsbanken Ab Publ from a “hold” rating to a “strong sell” rating in a research report on Wednesday, May 21st. Danske cut shares of Svenska Handelsbanken Ab Publ to a “hold” rating in a report on Friday, July 11th. Finally, Citigroup reaffirmed a “neutral” rating on shares of Svenska Handelsbanken Ab Publ in a report on Wednesday, May 21st. Five analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Reduce”.

Svenska Handelsbanken Ab Publ Trading Down 1.5%

The company has a current ratio of 2.06, a quick ratio of 2.06 and a debt-to-equity ratio of 0.19. The business has a fifty day moving average price of $6.37 and a 200 day moving average price of $6.28.

Svenska Handelsbanken Ab Publ (OTCMKTS:SVNLY) last released its earnings results on Wednesday, July 16th. The company reported $0.14 EPS for the quarter, missing the consensus estimate of $0.15 by ($0.01). Svenska Handelsbanken Ab Publ had a net margin of 15.69% and a return on equity of 13.22%. The company had revenue of $1.40 billion for the quarter, compared to analyst estimates of $1.48 billion. Sell-side analysts anticipate that Svenska Handelsbanken Ab Publ will post 0.54 EPS for the current 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.