Swedbank AB (publ) (OTCMKTS:SWDBY) Stock Price Crosses Below Fifty Day Moving Average - Here's Why

Swedbank AB (publ) (OTCMKTS:SWDBY - Get Free Report)'s share price passed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of SEK 19.90 and traded as low as SEK 19.66. Swedbank AB (publ) shares last traded at SEK 19.67, with a volume of 32,800 shares changing hands.

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) Trading Up 0.8 %

The stock has a market cap of $22.44 billion, a P/E ratio of 6.79, a PEG ratio of 0.69 and a beta of 0.92. The business's 50 day simple moving average is SEK 19.90 and its 200 day simple moving average is SEK 20.42. The company has a debt-to-equity ratio of 4.28, a current ratio of 1.50 and a quick ratio of 1.50.

Swedbank AB (publ) (OTCMKTS:SWDBY - Get Free Report) last posted its earnings results on Wednesday, October 23rd. The financial services provider reported SEK 0.80 EPS for the quarter, topping the consensus estimate of SEK 0.68 by SEK 0.12. Swedbank AB (publ) had a return on equity of 17.38% and a net margin of 25.27%. The business had revenue of SEK 3.37 billion during the quarter. On average, analysts expect 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.