Swedbank AB (publ) (OTCMKTS:SWDBY) Shares Pass Below Fifty Day Moving Average – Here’s What Happened

Posted by ABMN Staff on Dec 27th, 2024

Swedbank AB (publ) (OTCMKTS:SWDBY – Get Free Report)’s share price crossed below its 50 day moving average during trading on Thursday . The stock has a 50 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.

Wall Street Analyst Weigh In

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

Get Our Latest Research Report on Swedbank AB (publ)

Swedbank AB (publ) Stock Up 0.1 %

The stock has a fifty day moving average of SEK 19.90 and a two-hundred day moving average of SEK 20.42. The company has a quick ratio of 1.50, a current ratio of 1.50 and a debt-to-equity ratio of 4.28. The stock has a market cap of $22.27 billion, a price-to-earnings ratio of 6.74, a PEG ratio of 0.69 and a beta of 0.93.

Swedbank AB (publ) (OTCMKTS:SWDBY – Get Free Report) last released its quarterly earnings data on Wednesday, October 23rd. The financial services provider reported SEK 0.80 earnings per share for the quarter, beating the consensus estimate 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 return on equity of 17.38% and a net margin of 25.27%. As a group, analysts predict that Swedbank AB will post 2.65 EPS for the current fiscal year.

Swedbank AB (publ) Company Profile

(Get Free Report)

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.