Swedbank AB (publ) (OTCMKTS:SWDBY) Share Price Crosses Below 50 Day Moving Average – Should You Sell?

Shares of Swedbank AB (publ) (OTCMKTS:SWDBY) crossed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of SEK 20.75 and traded as low as SEK 20.36. Swedbank AB (publ) shares last traded at SEK 20.44, with a volume of 12,700 shares traded.

Wall Street Analyst Weigh In

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

Swedbank AB (publ) Price Performance

The business’s 50-day simple moving average is SEK 20.75 and its 200 day simple moving average is SEK 20.47. The company has a current ratio of 1.53, a quick ratio of 1.53 and a debt-to-equity ratio of 4.52. The company has a market capitalization of $23.14 billion, a P/E ratio of 7.00, a P/E/G ratio of 0.71 and a beta of 0.93.

Swedbank AB (publ) (OTCMKTS:SWDBY) last posted its earnings results on Wednesday, October 23rd. The financial services provider reported SEK 0.80 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of SEK 0.68 by SEK 0.12. The business had revenue of SEK 3.37 billion for the quarter. Swedbank AB (publ) had a net margin of 25.27% and a return on equity of 17.72%. As a group, sell-side analysts anticipate that Swedbank AB will post 2.62 EPS for the current 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.