Skandinaviska (OTCMKTS:SVKEF) Sees Large Volume Increase – Still a Buy?

Skandinaviska (OTCMKTS:SVKEF) saw unusually-strong trading volume on Tuesday . Approximately 14,753 shares traded hands during mid-day trading, an increase of 725% from the previous session’s volume of 1,788 shares.The stock last traded at $17.84 and had previously closed at $18.0760.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. Citigroup reissued a “neutral” rating on shares of Skandinaviska in a report on Thursday, January 22nd. Barclays reiterated an “overweight” rating on shares of Skandinaviska in a research report on Wednesday, December 10th. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy”.

Skandinaviska Stock Down 1.3%

The company has a market cap of $36.34 billion, a P/E ratio of 10.19 and a beta of 0.45. The stock has a 50-day moving average of $21.37 and a two-hundred day moving average of $20.14. The company has a debt-to-equity ratio of 4.38, a quick ratio of 1.45 and a current ratio of 1.45.

About Skandinaviska

Skandinaviska Enskilda Banken AB (publ) provides corporate, retail, investment, and private banking services. The company operates through Large Corporates & Financial Institutions, Corporate & Private Customers, Private Wealth Management & Family Office, Baltic, Life, and Investment Management divisions. It offers treasury advisory services; factoring and receivable, trade, and export financing; markets and trading, such as equities, fixed income, commodities, and foreign exchange; financial services, including investment, financing, and ownership; and shipping and real estate finance.