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Svenska Handelsbanken AB (publ) (OTCMKTS:SVNLY) Shares Cross Above 50 Day Moving Average - What's Next?

Svenska Handelsbanken AB (publ) logo with Finance background

Svenska Handelsbanken AB (publ) (OTCMKTS:SVNLY - Get Free Report) shares passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $5.02 and traded as high as $5.25. Svenska Handelsbanken AB (publ) shares last traded at $5.21, with a volume of 45,359 shares.

Wall Street Analyst Weigh In

Separately, The Goldman Sachs Group upgraded Svenska Handelsbanken AB (publ) to a "strong sell" rating in a research report on Friday, September 27th.

Read Our Latest Analysis on Svenska Handelsbanken AB (publ)

Svenska Handelsbanken AB (publ) Stock Performance

The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.06 and a current ratio of 2.06. The company has a market capitalization of $19.25 billion, a price-to-earnings ratio of 7.66, a P/E/G ratio of 1.31 and a beta of 0.86. The firm's 50 day simple moving average is $5.02 and its 200-day simple moving average is $4.83.

About Svenska Handelsbanken AB (publ)

(Get Free Report)

Svenska Handelsbanken AB (publ) provides various banking products and services for private and corporate customers primarily in Sweden, the United Kingdom, Norway, the Netherlands, the United States, Luxembourg, Finland, and Poland. The company offers savings, transactions, business, currency, and investment accounts, as well as accounts for cash pool, and forestry and agriculture; mortgage and committed loans, and private loans; mutual funds; pension products; credit and debit cards; and payment and reconciliation services, as well as foreign exchange rate services.

See Also

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