Svenska Handelsbanken Ab Publ (OTCMKTS:SVNLY) Sees Unusually-High Trading Volume - Here's Why

Key Points

• Svenska Handelsbanken Ab Publ experienced a 127% increase in trading volume, with approximately 314,233 shares traded on Thursday compared to the previous session.
• The stock is currently priced at $6.34, down 2.0% from its previous close of $6.46, amid fluctuating ratings from Wall Street analysts.
• The company reported earnings per share of $0.14, missing analyst estimates and revealing a revenue of $1.40 billion for the quarter, below the projected $1.48 billion.

Shares of Svenska Handelsbanken Ab Publ (OTCMKTS:SVNLY - Get Free Report) saw unusually-high trading volume on Thursday . Approximately 314,233 shares changed hands during mid-day trading, an increase of 127% from the previous session's volume of 138,568 shares.The stock last traded at $6.34 and had previously closed at $6.46.

Wall Street Analysts Forecast Growth

SVNLY has been the topic of several analyst reports. Morgan Stanley reissued an "underweight" rating on shares of Svenska Handelsbanken Ab Publ in a research note on Tuesday, September 2nd. Citigroup reissued a "neutral" rating on shares of Svenska Handelsbanken Ab Publ in a research note on Wednesday, May 21st. Kepler Capital Markets cut shares of Svenska Handelsbanken Ab Publ from a "hold" rating to a "strong sell" rating in a research report on Wednesday, May 21st. Finally, Danske cut shares of Svenska Handelsbanken Ab Publ to a "hold" rating in a research report on Friday, July 11th. Five research analysts have rated the stock with a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Reduce".

Svenska Handelsbanken Ab Publ Stock Down 2.0%

The company has a market cap of $25.07 billion, a P/E ratio of 10.21 and a beta of 0.77. The stock's 50-day moving average price is $6.32 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 - Get Free Report) last posted its earnings results on Wednesday, July 16th. The company reported $0.14 earnings per share for the quarter, missing analysts' consensus estimates 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 business had revenue of $1.40 billion during the quarter, compared to analyst estimates of $1.48 billion. As a group, research analysts forecast that Svenska Handelsbanken Ab Publ will post 0.54 EPS for the current 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.

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