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

Key Points

• Svenska Handelsbanken shares fell below their 50-day moving average, trading as low as $7.50 before closing at $7.52, compared with a 50-day average of $7.69.
• Analyst sentiment is largely negative: three analysts rate the stock Sell, one rates it Hold, one rates it Buy, and the consensus rating is “Reduce.” Barclays recently upgraded the shares to “positive,” while Citigroup and Goldman Sachs maintained Sell ratings.
• The company met quarterly EPS expectations at $0.14 but reported revenue of $1.40 billion, below the $1.45 billion consensus estimate. Analysts expect full-year EPS of approximately $0.58.

Svenska Handelsbanken Ab Publ (OTCMKTS:SVNLY - Get Free Report)'s stock price passed below its fifty day moving average during trading on Monday. The stock has a fifty day moving average of $7.69 and traded as low as $7.50. Svenska Handelsbanken Ab Publ shares last traded at $7.52, with a volume of 220,135 shares traded.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on SVNLY shares. Deutsche Bank Aktiengesellschaft reissued a "hold" rating on shares of Svenska Handelsbanken Ab Publ in a research report on Wednesday, September 16th. Morgan Stanley restated an "underweight" rating on shares of Svenska Handelsbanken Ab Publ in a report on Tuesday, September 1st. Citigroup restated a "sell" rating on shares of Svenska Handelsbanken Ab Publ in a report on Friday. The Goldman Sachs Group reaffirmed a "sell" rating on shares of Svenska Handelsbanken Ab Publ in a research note on Monday, July 20th. Finally, Barclays upgraded shares of Svenska Handelsbanken Ab Publ from an "underweight" rating to a "positive" rating in a report on Friday. One research analyst has rated the stock with a Buy rating, one has issued a Hold rating and three have assigned 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 Price Performance

The stock has a market capitalization of $29.78 billion, a price-to-earnings ratio of 10.59 and a beta of 0.62. 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 company has a 50 day moving average of $7.69 and a 200 day moving average of $7.33.

Svenska Handelsbanken Ab Publ (OTCMKTS:SVNLY - Get Free Report) last posted its quarterly earnings results on Wednesday, July 15th. The company reported $0.14 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.14. The company had revenue of $1.40 billion for the quarter, compared to analyst estimates of $1.45 billion. Svenska Handelsbanken Ab Publ had a return on equity of 14.30% and a net margin of 17.75%. As a group, equities research analysts anticipate that Svenska Handelsbanken Ab Publ will post 0.58 EPS for the current 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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