Swedbank AB (publ) (OTCMKTS:SWDBY) Shares Pass Above 50-Day Moving Average – Time to Sell?

Swedbank AB (publ) (OTCMKTS:SWDBY) crossed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of SEK 19.91 and traded as high as SEK 20. Swedbank AB (publ) shares last traded at SEK 19.71, with a volume of 33,300 shares.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group upgraded shares of Swedbank AB (publ) to a “hold” rating in a research report on Friday, September 27th.

Swedbank AB (publ) Price Performance

The company has a current ratio of 1.50, a quick ratio of 1.50 and a debt-to-equity ratio of 4.28. The stock has a 50 day simple moving average of SEK 19.91 and a 200-day simple moving average of SEK 20.47. The firm has a market cap of $22.31 billion, a PE ratio of 6.75, a price-to-earnings-growth ratio of 0.69 and a beta of 0.92.

Swedbank AB (publ) (OTCMKTS:SWDBY) last released its earnings results on Wednesday, October 23rd. The financial services provider reported SEK 0.80 earnings per share (EPS) for the quarter, topping the consensus estimate of SEK 0.68 by SEK 0.12. The firm had revenue of SEK 3.37 billion during the quarter. Swedbank AB (publ) had a return on equity of 17.38% and a net margin of 25.27%. Equities analysts anticipate that Swedbank AB will post 2.65 earnings per share for the current fiscal year.

Swedbank AB (publ) Company Profile

Swedbank AB (publ) provides various banking products and services to private and corporate customers in Sweden, Estonia, Latvia, Lithuania, Norway, the United States, Finland, Denmark, Luxembourg, and China. The company operates through three business areas: Swedish Banking, Baltic Banking, and Corporates and Institutions.