Svenska Handelsbanken AB (publ) (OTCMKTS:SVNLY) Stock Passes Below Fifty Day Moving Average of $5.45

Shares of Svenska Handelsbanken AB (publ) (OTCMKTS:SVNLY) passed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $5.45 and traded as low as $4.34. Svenska Handelsbanken AB (publ) shares last traded at $4.40, with a volume of 562,976 shares trading hands.

Svenska Handelsbanken AB (publ) Price Performance

The company has a quick ratio of 2.15, a current ratio of 2.15 and a debt-to-equity ratio of 0.21. The company’s 50 day moving average is $5.45 and its 200 day moving average is $5.11. The firm has a market capitalization of $17.42 billion, a price-to-earnings ratio of 6.38, a P/E/G ratio of 1.51 and a beta of 0.86.

Svenska Handelsbanken AB (publ) (OTCMKTS:SVNLY) last released its quarterly earnings results on Wednesday, February 7th. The company reported $0.16 EPS for the quarter. Svenska Handelsbanken AB (publ) had a net margin of 16.71% and a return on equity of 14.12%. The business had revenue of $1.49 billion for the quarter. On average, equities research analysts anticipate that Svenska Handelsbanken AB will post 0.58 earnings per share for the current fiscal year.

Svenska Handelsbanken AB (publ) Increases Dividend

The company also recently disclosed a dividend, which was paid on Thursday, April 11th. Shareholders of record on Friday, March 22nd were paid a dividend of $0.6294 per share. This is an increase from Svenska Handelsbanken AB (publ)’s previous dividend of $0.27. The ex-dividend date was Thursday, March 21st. Svenska Handelsbanken AB (publ)’s dividend payout ratio is presently 55.07%.

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.