Svenska Handelsbanken AB (publ) (OTCMKTS:SVNLY) Stock Price Crosses Below 50 Day Moving Average of $5.53

Svenska Handelsbanken AB (publ) (OTCMKTS:SVNLY) passed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $5.53 and traded as low as $4.84. Svenska Handelsbanken AB (publ) shares last traded at $4.88, with a volume of 111,634 shares trading hands.

Svenska Handelsbanken AB (publ) Price Performance

The company has a debt-to-equity ratio of 0.21, a current ratio of 2.15 and a quick ratio of 2.15. The business’s 50 day moving average price is $5.50 and its 200 day moving average price is $5.09. The stock has a market capitalization of $19.40 billion, a P/E ratio of 7.10, a price-to-earnings-growth ratio of 1.43 and a beta of 0.86.

Svenska Handelsbanken AB (publ) (OTCMKTS:SVNLY) last issued its earnings results on Wednesday, February 7th. The company reported $0.16 earnings per share (EPS) for the quarter. The company had revenue of $1.49 billion for the quarter. Svenska Handelsbanken AB (publ) had a net margin of 16.71% and a return on equity of 14.12%. Sell-side analysts forecast that Svenska Handelsbanken AB will post 0.58 EPS for the current year.

Svenska Handelsbanken AB (publ) Increases Dividend

The company also recently disclosed a dividend, which was paid on Thursday, April 11th. Investors of record on Friday, March 22nd were issued a $0.6294 dividend. The ex-dividend date was Thursday, March 21st. This is a positive change from Svenska Handelsbanken AB (publ)’s previous dividend of $0.27. Svenska Handelsbanken AB (publ)’s payout ratio is presently 55.07%.

Svenska Handelsbanken AB (publ) Company Profile

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.