Swedbank AB (publ) (OTCMKTS:SWDBY) Stock Crosses Below Fifty Day Moving Average – Should You Sell?

Swedbank AB (publ) (OTCMKTS:SWDBY) crossed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of SEK 20.80 and traded as low as SEK 19.62. Swedbank AB (publ) shares last traded at SEK 19.62, with a volume of 34,500 shares.

Analyst Upgrades and Downgrades

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

Swedbank AB (publ) Stock Performance

The company has a market cap of $22.21 billion, a P/E ratio of 6.70, a price-to-earnings-growth ratio of 0.70 and a beta of 0.93. The stock has a 50 day moving average price of SEK 20.80 and a two-hundred day moving average price of SEK 20.48. The company has a quick ratio of 1.53, a current ratio of 1.53 and a debt-to-equity ratio of 4.52.

Swedbank AB (publ) (OTCMKTS:SWDBY) last issued its quarterly earnings data on Tuesday, July 16th. The financial services provider reported SEK 0.71 EPS for the quarter, beating analysts’ consensus estimates of SEK 0.67 by SEK 0.04. Swedbank AB (publ) had a return on equity of 17.66% and a net margin of 25.41%. The firm had revenue of SEK 1.71 billion for the quarter, compared to analyst estimates of SEK 1.68 billion. On average, research analysts predict that Swedbank AB will post 2.57 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.