Svenska Handelsbanken AB (publ) (OTCMKTS:SVNLY) Stock Price Crosses Above Two Hundred Day Moving Average - Should You Sell?

Svenska Handelsbanken AB (publ) (OTCMKTS:SVNLY - Get Free Report)'s stock price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $5.54 and traded as high as $6.51. Svenska Handelsbanken AB (publ) shares last traded at $6.46, with a volume of 189,739 shares changing hands.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on SVNLY shares. Hsbc Global Res cut shares of Svenska Handelsbanken AB (publ) from a "strong-buy" rating to a "hold" rating in a research report on Friday, April 4th. HSBC lowered Svenska Handelsbanken AB (publ) from a "buy" rating to a "hold" rating in a research report on Friday, April 4th.

Svenska Handelsbanken AB (publ) Stock Down 0.3 %

The firm has a market cap of $25.82 billion, a P/E ratio of 10.03, a P/E/G ratio of 1.94 and a beta of 0.78. The business has a fifty day moving average of $6.06 and a 200 day moving average of $5.59. The company has a quick ratio of 2.08, a current ratio of 2.17 and a debt-to-equity ratio of 0.18.

Svenska Handelsbanken AB (publ) (OTCMKTS:SVNLY - Get Free Report) last issued its quarterly earnings data on Wednesday, April 30th. The company reported $0.15 EPS for the quarter, hitting the consensus estimate of $0.15. Svenska Handelsbanken AB (publ) had a return on equity of 13.62% and a net margin of 14.89%. The business had revenue of $1.39 billion for the quarter, compared to the consensus estimate of $1.47 billion. On average, equities research analysts predict that Svenska Handelsbanken AB will post 0.54 EPS for the current year.

Svenska Handelsbanken AB (publ) Increases Dividend

The business also recently disclosed a dividend, which was paid on Thursday, April 17th. Investors of record on Friday, March 28th were issued a dividend of $0.7123 per share. This is a positive change from Svenska Handelsbanken AB (publ)'s previous dividend of $0.63. The ex-dividend date was Friday, March 28th. Svenska Handelsbanken AB (publ)'s dividend payout ratio (DPR) is presently 92.19%.

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.