Swedbank (OTCMKTS:SWDBY) Shares Pass Below 50 Day Moving Average – Time to Sell?

Swedbank AB (OTCMKTS:SWDBY) shares crossed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of SEK 35.32 and traded as low as SEK 35.07. Swedbank shares last traded at SEK 35.43, with a volume of 35,200 shares changing hands.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. Citigroup reiterated a “neutral” rating on shares of Swedbank in a research report on Thursday, May 7th. Morgan Stanley reiterated an “underweight” rating on shares of Swedbank in a research report on Tuesday, May 12th. Finally, Zacks Research downgraded Swedbank from a “strong-buy” rating to a “hold” rating in a research report on Friday, March 27th. Three investment analysts have rated the stock with a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Reduce”.

Swedbank Price Performance

The company has a debt-to-equity ratio of 3.42, a current ratio of 1.51 and a quick ratio of 1.50. The stock has a market capitalization of $39.83 billion, a PE ratio of 11.85, a PEG ratio of 1.88 and a beta of 0.69. The company has a 50 day moving average price of SEK 35.32 and a 200-day moving average price of SEK 35.63.

Swedbank (OTCMKTS:SWDBY) last posted its earnings results on Wednesday, April 29th. The financial services provider reported SEK 0.71 earnings per share (EPS) for the quarter. Swedbank had a return on equity of 15.02% and a net margin of 30.22%.The firm had revenue of SEK 1.87 billion for the quarter. As a group, analysts forecast that Swedbank AB will post 3.11 earnings per share for the current fiscal 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.