Svenska Handelsbanken Ab Publ (OTCMKTS:SVNLY) Share Price Crosses Above Fifty Day Moving Average – What’s Next?

Svenska Handelsbanken Ab Publ (OTCMKTS:SVNLY) crossed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $7.03 and traded as high as $7.62. Svenska Handelsbanken Ab Publ shares last traded at $7.62, with a volume of 114,785 shares changing hands.

Wall Street Analyst Weigh In

A number of brokerages recently commented on SVNLY. Morgan Stanley reaffirmed an “underweight” rating on shares of Svenska Handelsbanken Ab Publ in a research report on Friday, January 9th. Citigroup reiterated a “neutral” rating on shares of Svenska Handelsbanken Ab Publ in a report on Tuesday, October 14th. Five analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Svenska Handelsbanken Ab Publ has an average rating of “Reduce”.

Svenska Handelsbanken Ab Publ Stock Up 0.4%

The company has a current ratio of 2.10, a quick ratio of 2.10 and a debt-to-equity ratio of 0.18. The stock has a market capitalization of $30.18 billion, a PE ratio of 12.49 and a beta of 0.57. The stock’s fifty day simple moving average is $7.03 and its 200-day simple moving average is $6.62.

Svenska Handelsbanken Ab Publ (OTCMKTS:SVNLY) last released its quarterly earnings results on Wednesday, October 22nd. The company reported $0.16 earnings per share for the quarter, beating analysts’ consensus estimates of $0.15 by $0.01. Svenska Handelsbanken Ab Publ had a net margin of 15.97% and a return on equity of 12.80%. The company had revenue of $1.50 billion for the quarter, compared to analyst estimates of $1.49 billion. As a group, sell-side analysts forecast that Svenska Handelsbanken Ab Publ will post 0.54 EPS for the current fiscal year.

About Svenska Handelsbanken Ab Publ

Svenska Handelsbanken AB (publ) is a Sweden-based universal bank offering a broad range of financial services to private individuals, businesses and institutions. Established in 1871 and headquartered in Stockholm, the bank operates on a decentralized branch model that empowers locally managed offices to deliver tailored banking solutions. Svenska Handelsbanken provides core services such as deposit accounts, lending, payment services and credit cards, alongside specialized corporate offerings including trade finance, cash management and leasing.

In addition to its commercial banking activities, Handelsbanken maintains a dedicated investment banking arm known as Handelsbanken Capital Markets, which offers services in equity and debt underwriting, corporate finance advisory and research.