Skandinaviska (OTCMKTS:SVKEF) Shares Gap Up – Time to Buy?

Skandinaviska (OTCMKTS:SVKEF) shares gapped up prior to trading on Friday . The stock had previously closed at $20.88, but opened at $22.51. Skandinaviska shares last traded at $22.51, with a volume of 100 shares traded.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on SVKEF. The Goldman Sachs Group restated a “neutral” rating on shares of Skandinaviska in a report on Monday, July 20th. Citigroup reaffirmed a “neutral” rating on shares of Skandinaviska in a research note on Tuesday, July 7th. Five investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company currently has a consensus rating of “Hold”.

Skandinaviska Price Performance

The stock has a market capitalization of $45.85 billion, a price-to-earnings ratio of 12.17 and a beta of 0.56. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 4.23. The stock has a 50-day simple moving average of $20.56 and a 200 day simple moving average of $20.37.

Skandinaviska (OTCMKTS:SVKEF) last released its earnings results on Wednesday, July 15th. The financial services provider reported $0.47 earnings per share for the quarter, beating the consensus estimate of $0.40 by $0.07. The company had revenue of $2.06 billion for the quarter, compared to analysts’ expectations of $1.97 billion. Skandinaviska had a return on equity of 15.60% and a net margin of 21.30%.

Skandinaviska Company Profile

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.