Svenska Handelsbanken AB (publ) (OTCMKTS:SVNLY) Stock Price Passes Above Fifty Day Moving Average – What’s Next?

Svenska Handelsbanken AB (publ) (OTCMKTS:SVNLY) shares passed 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 trading hands.

Analysts Set New Price Targets

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

Svenska Handelsbanken AB (publ) Price Performance

The firm has a market capitalization of $19.96 billion, a PE ratio of 7.64, a price-to-earnings-growth ratio of 1.38 and a beta of 0.84. The company has a debt-to-equity ratio of 0.15, a quick ratio of 2.08 and a current ratio of 2.08. The business’s 50 day moving average is $5.10 and its two-hundred day moving average is $4.98.

Svenska Handelsbanken AB (publ) (OTCMKTS:SVNLY) last announced its quarterly earnings results on Wednesday, October 23rd. The company reported $0.17 earnings per share for the quarter, beating the consensus estimate of $0.16 by $0.01. Svenska Handelsbanken AB (publ) had a return on equity of 13.65% and a net margin of 14.66%. The firm had revenue of $1.45 billion for the quarter. Equities research 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.