Swissquote Shares Up 12% to All-time-high

After indicating that it will post record Revenues and Profits for the first half of 2021, Swiss online trading leader Swissquote has seen its shares (SWX:SQN) rise by 12%, hitting a new all-time high.

After already trading up more than 50% so far in 2021, Swissquote shares hit a 52-week and all-time high of CHF 159.40 early last Wednesday, before settling back as of the time of writing (14:30 CET) to CHF 152.20, up 12% on the day.

At its current share price Swissquote carries a market valuation of CHF 2.33 billion (USD $2.59 billion).

The move in Swissquote shares should not really come as a surprise, when looking closely at the companys results:

Swissquote absolutely obliterated its then-viewed-as-stellar results from both halves of 2020. Revenues for 1H-2021 are estimated at CHF 260 million, 62% above 1H-2020‘s record of CHF 160.7 million. Swissquote’s estimated profit for the first six months of 2021, CHF 130 million, is more than 42% greater than 2020s record total year profit.

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