Swedbank (OTCMKTS:SWDBY) Share Price Crosses Below 50 Day Moving Average – What’s Next?

Swedbank AB (OTCMKTS:SWDBY) shares crossed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of SEK 35.53 and traded as low as SEK 35.26. Swedbank shares last traded at SEK 36.46, with a volume of 26,900 shares traded.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on SWDBY. Zacks Research cut Swedbank from a “strong-buy” rating to a “hold” rating in a research report on Friday, March 27th. Morgan Stanley reiterated an “underweight” rating on shares of Swedbank in a research report on Tuesday, May 12th. Finally, Citigroup reiterated a “neutral” rating on shares of Swedbank in a research report on Thursday, May 7th. Two investment analysts have rated the stock with a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, Swedbank has an average rating of “Strong Sell”.

Swedbank Price Performance

The company has a 50-day moving average price of SEK 35.53 and a 200 day moving average price of SEK 35.85. The firm has a market capitalization of $40.99 billion, a PE ratio of 12.19, a P/E/G ratio of 1.87 and a beta of 0.69. The company has a debt-to-equity ratio of 3.42, a current ratio of 1.51 and a quick ratio of 1.50.

Swedbank (OTCMKTS:SWDBY) last announced its quarterly earnings data on Wednesday, April 29th. The financial services provider reported SEK 0.71 EPS for the quarter. The business had revenue of SEK 1.87 billion for the quarter. Swedbank had a return on equity of 15.02% and a net margin of 30.22%. Analysts forecast that Swedbank AB will post 3.07 earnings per share for the current year.

About Swedbank

Swedbank AB is a major Swedish banking group headquartered in Stockholm that provides a broad range of financial services to retail, corporate and institutional clients. The bank’s operations focus on traditional banking functions such as deposit-taking, lending and payment services, as well as wealth management and insurance solutions. Swedbank’s franchise is centered on serving households, small and medium-sized enterprises and larger corporate customers, with an emphasis on everyday banking and long-term client relationships.

Products and services offered by Swedbank include savings and current accounts, mortgages and consumer lending, business loans and transaction banking, payment and card services, and digital banking platforms.