Svenska Handelsbanken Ab Publ (OTCMKTS:SVNLY) Shares Pass Below Fifty Day Moving Average – Time to Sell?

Svenska Handelsbanken Ab Publ (OTCMKTS:SVNLY) shares passed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $6.34 and traded as low as $6.31. Svenska Handelsbanken Ab Publ shares last traded at $6.36, with a volume of 106,588 shares traded.

Analysts Set New Price Targets

SVNLY has been the topic of several analyst reports. Morgan Stanley reiterated an “underweight” rating on shares of Svenska Handelsbanken Ab Publ in a report on Tuesday, September 2nd. Danske lowered shares of Svenska Handelsbanken Ab Publ to a “hold” rating in a report on Friday, July 11th. Citigroup reiterated a “neutral” rating on shares of Svenska Handelsbanken Ab Publ in a report on Wednesday, May 21st. Kepler Capital Markets lowered shares of Svenska Handelsbanken Ab Publ from a “hold” rating to a “strong sell” rating in a report on Wednesday, May 21st. Finally, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Svenska Handelsbanken Ab Publ in a report on Tuesday, May 13th. Five equities research analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Reduce”.

Svenska Handelsbanken Ab Publ Stock Up 0.2%

The company’s 50-day moving average price is $6.34 and its 200-day moving average price is $6.31. The company has a current ratio of 2.06, a quick ratio of 2.06 and a debt-to-equity ratio of 0.19.

Svenska Handelsbanken Ab Publ (OTCMKTS:SVNLY) last issued its quarterly earnings data on Wednesday, July 16th. The company reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.15 by ($0.01). Svenska Handelsbanken Ab Publ had a return on equity of 13.22% and a net margin of 15.69%.The company had revenue of $1.40 billion for the quarter, compared to the consensus estimate of $1.48 billion. On average, research analysts anticipate that Svenska Handelsbanken Ab Publ will post 0.54 EPS 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.