Svenska Handelsbanken Ab Publ (OTCMKTS:SVNLY) Stock Passes Below 50 Day Moving Average - What's Next?

Key Points

• Svenska Handelsbanken Ab Publ shares have fallen below their fifty-day moving average of $6.52, trading at $6.17 with a volume of 89,816 shares.
• Analysts' ratings for the stock have varied, with two sell ratings and several hold ratings, resulting in a consensus rating of "Hold" from research analysts.
• In its most recent quarterly results, the company reported $0.14 EPS, which was below the consensus estimate of $0.15, along with a revenue of $1.40 billion against an estimate of $1.48 billion.

Svenska Handelsbanken Ab Publ (OTCMKTS:SVNLY - Get Free Report) shares passed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $6.52 and traded as low as $6.17. Svenska Handelsbanken Ab Publ shares last traded at $6.17, with a volume of 89,816 shares trading hands.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on SVNLY shares. Kepler Capital Markets cut Svenska Handelsbanken Ab Publ from a "hold" rating to a "strong sell" rating in a report on Wednesday, May 21st. Citigroup reissued a "neutral" rating on shares of Svenska Handelsbanken Ab Publ in a report on Wednesday, May 21st. Hsbc Global Res cut Svenska Handelsbanken Ab Publ from a "strong-buy" rating to a "hold" rating in a report on Friday, April 4th. HSBC lowered shares of Svenska Handelsbanken Ab Publ from a "buy" rating to a "hold" rating in a research report on Friday, April 4th. Finally, Danske lowered shares of Svenska Handelsbanken Ab Publ to a "hold" rating in a research report on Friday, July 11th. Two equities research analysts have rated the stock with a sell rating and five have given a hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold".

Svenska Handelsbanken Ab Publ Price Performance

The company has a current ratio of 2.17, a quick ratio of 2.17 and a debt-to-equity ratio of 0.18. The stock's fifty day simple moving average is $6.50 and its 200-day simple moving average is $6.16.

Svenska Handelsbanken Ab Publ (OTCMKTS:SVNLY - Get Free Report) last released its earnings results on Wednesday, July 16th. The company reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.15 by ($0.01). Svenska Handelsbanken Ab Publ had a net margin of 15.69% and a return on equity of 12.82%. The company had revenue of $1.40 billion during the quarter, compared to the consensus estimate of $1.48 billion. As a group, equities analysts anticipate that Svenska Handelsbanken Ab Publ will post 0.54 EPS for the current fiscal 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.