Svenska Handelsbanken Ab Publ (OTCMKTS:SVNLY) Stock Crosses Below Fifty Day Moving Average - Should You Sell?

Key Points

• Shares fell below their 50-day moving average, trading as low as $7.5603 versus the $7.69 average, and last changing hands at $7.60.
• Analyst sentiment is strongly negative: four analysts rate the stock a Sell and one rates it Hold, producing a consensus rating of “Strong Sell.”
• Handelsbanken met quarterly EPS expectations at $0.14, but revenue of $1.40 billion fell short of the $1.45 billion consensus estimate; the company reported a 17.75% net margin and 14.30% return on equity.

Svenska Handelsbanken Ab Publ (OTCMKTS:SVNLY - Get Free Report)'s share price passed below its fifty day moving average during trading on Friday. The stock has a fifty day moving average of $7.69 and traded as low as $7.5603. Svenska Handelsbanken Ab Publ shares last traded at $7.60, with a volume of 424,453 shares.

Analyst Ratings Changes

A number of research analysts recently weighed in on SVNLY shares. Barclays reaffirmed an "underweight" rating on shares of Svenska Handelsbanken Ab Publ in a research note on Monday, June 22nd. Morgan Stanley reaffirmed an "underweight" rating on shares of Svenska Handelsbanken Ab Publ in a research report on Tuesday, September 1st. Deutsche Bank Aktiengesellschaft reissued a "hold" rating on shares of Svenska Handelsbanken Ab Publ in a research report on Wednesday, September 16th. Citigroup downgraded shares of Svenska Handelsbanken Ab Publ from a "hold" rating to a "sell" rating in a report on Thursday, July 16th. Finally, The Goldman Sachs Group reiterated a "sell" rating on shares of Svenska Handelsbanken Ab Publ in a report on Monday, July 20th. One equities research analyst has rated the stock with a Hold rating and four have issued a Sell rating to the company's stock. According to data from MarketBeat, Svenska Handelsbanken Ab Publ currently has a consensus rating of "Strong Sell".

Svenska Handelsbanken Ab Publ Price Performance

The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.02 and a current ratio of 2.02. The business has a 50-day simple moving average of $7.69 and a 200 day simple moving average of $7.32. The firm has a market cap of $30.10 billion, a P/E ratio of 10.70, a price-to-earnings-growth ratio of 0.45 and a beta of 0.62.

Svenska Handelsbanken Ab Publ (OTCMKTS:SVNLY - Get Free Report) last posted its earnings results on Wednesday, July 15th. The company reported $0.14 EPS for the quarter, hitting the consensus estimate of $0.14. Svenska Handelsbanken Ab Publ had a net margin of 17.75% and a return on equity of 14.30%. The firm had revenue of $1.40 billion during the quarter, compared to analysts' expectations of $1.45 billion. On average, analysts anticipate that Svenska Handelsbanken Ab Publ will post 0.59 earnings per share for the current fiscal year.

Svenska Handelsbanken Ab Publ Company Profile

Svenska Handelsbanken AB publ is a Swedish universal bank founded in Stockholm in 1871. The company provides banking and financial services to individuals, businesses and institutional customers, with an emphasis on relationship-based banking and local decision-making.

Its products and services include current and savings accounts, mortgages, consumer lending, corporate loans, payment services, cash management, trade finance, investment services, pensions and wealth management. Through its asset-management operations, the group also offers investment products and related advisory services.

Handelsbanken serves customers primarily in Sweden, Norway, the United Kingdom and the Netherlands through branch and digital banking channels.

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