Skandinaviska (OTCMKTS:SVKEF) Sees Unusually-High Trading Volume – Here’s Why

Skandinaviska (OTCMKTS:SVKEFGet Free Report) saw an uptick in trading volume on Monday . 2,000 shares traded hands during trading, an increase of 15% from the previous session’s volume of 1,738 shares.The stock last traded at $18.22 and had previously closed at $17.84.

Wall Street Analysts Forecast Growth

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

Check Out Our Latest Stock Report on SVKEF

Skandinaviska Stock Performance

The company has a market capitalization of $37.11 billion, a price-to-earnings ratio of 10.41 and a beta of 0.52. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 4.38. The stock has a 50-day simple moving average of $21.03 and a 200-day simple moving average of $20.12.

About Skandinaviska

(Get Free Report)

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.

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