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

Swedbank AB (publ) (OTCMKTS:SWDBY - Get Free Report) 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 changing hands.

Wall Street Analysts Forecast Growth

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

Swedbank AB (publ) Stock Down 0.5 %

The company has a debt-to-equity ratio of 4.28, a quick ratio of 1.50 and a current ratio of 1.50. The stock's fifty day simple moving average is SEK 19.91 and its two-hundred day simple moving average is SEK 20.47. The company has a market capitalization of $22.19 billion, a price-to-earnings ratio of 6.71, a P/E/G ratio of 0.69 and a beta of 0.92.

Swedbank AB (publ) (OTCMKTS:SWDBY - Get Free Report) last released its earnings results on Wednesday, October 23rd. The financial services provider reported SEK 0.80 EPS for the quarter, topping 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 17.38%. On average, sell-side analysts anticipate that Swedbank AB will post 2.65 EPS for the current year.

About Swedbank AB (publ)

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.