Swedbank (OTCMKTS:SWDBY) Stock Price Crosses Below 50-Day Moving Average - Time to Sell?

Key Points

• Technical weakness: Swedbank shares crossed below their 50-day moving average (50-day MA SEK 35.69), trading as low as SEK 34.72 and last at SEK 34.83 (200-day MA SEK 34.97).
• Negative analyst sentiment: The consensus rating is "Reduce" with three Hold and three Sell ratings; recent notes include Citigroup reissuing Neutral, Morgan Stanley at Underweight, and Zacks cutting to Hold.
• Valuation and recent results: Market cap about $39.15B, PE 11.65, last quarter EPS SEK 0.71 and analysts forecast ~3.05 EPS for the year, indicating modest valuation despite near-term technical pressure.

Swedbank AB (OTCMKTS:SWDBY - Get Free Report) shares crossed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of SEK 35.69 and traded as low as SEK 34.72. Swedbank shares last traded at SEK 34.83, with a volume of 24,928 shares.

Analyst Ratings Changes

Several equities research analysts recently weighed in on SWDBY shares. Citigroup reissued a "neutral" rating on shares of Swedbank in a report on Thursday. Morgan Stanley reissued an "underweight" rating on shares of Swedbank in a report on Thursday, February 12th. Finally, Zacks Research lowered Swedbank from a "strong-buy" rating to a "hold" rating in a report on Friday, March 27th. Three equities research analysts have rated the stock with a Hold rating and three have given a Sell rating to the company's stock. According to MarketBeat, Swedbank currently has a consensus rating of "Reduce".

Swedbank Stock Performance

The firm has a fifty day moving average of SEK 35.69 and a two-hundred day moving average of SEK 34.97. The company has a current ratio of 1.51, a quick ratio of 1.50 and a debt-to-equity ratio of 3.42. The company has a market cap of $39.15 billion, a PE ratio of 11.65, a price-to-earnings-growth ratio of 4.69 and a beta of 0.69.

Swedbank (OTCMKTS:SWDBY - Get Free Report) last issued its earnings results on Wednesday, April 29th. The financial services provider reported SEK 0.71 EPS for the quarter. Swedbank had a return on equity of 15.02% and a net margin of 30.22%.The business had revenue of SEK 1.87 billion during the quarter. As a group, sell-side analysts predict that Swedbank AB will post 3.05 EPS for the current year.

About Swedbank

Swedbank AB is a major Swedish banking group headquartered in Stockholm that provides a broad range of financial services to retail, corporate and institutional clients. The bank's operations focus on traditional banking functions such as deposit-taking, lending and payment services, as well as wealth management and insurance solutions. Swedbank's franchise is centered on serving households, small and medium-sized enterprises and larger corporate customers, with an emphasis on everyday banking and long-term client relationships.

Products and services offered by Swedbank include savings and current accounts, mortgages and consumer lending, business loans and transaction banking, payment and card services, and digital banking platforms.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.