Skandinaviska (OTCMKTS:SVKEF) Reaches New 12-Month High – Here’s Why

Shares of Skandinaviska (OTCMKTS:SVKEF) reached a new 52-week high during trading on Thursday . The stock traded as high as $22.95 and last traded at $22.95, with a volume of 712 shares changing hands. The stock had previously closed at $20.04.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on SVKEF. The Goldman Sachs Group reaffirmed a “neutral” rating on shares of Skandinaviska in a report on Monday, July 20th. Citigroup reiterated a “neutral” rating on shares of Skandinaviska in a report on Tuesday, July 7th. Five investment analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, Skandinaviska currently has an average rating of “Hold”.

Skandinaviska Stock Down 1.9%

The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 4.23. The stock has a 50-day simple moving average of $20.61 and a 200-day simple moving average of $20.38. The firm has a market capitalization of $45.85 billion, a PE ratio of 12.17 and a beta of 0.56.

Skandinaviska (OTCMKTS:SVKEF) last issued its quarterly earnings results on Wednesday, July 15th. The financial services provider reported $0.47 EPS for the quarter, beating analysts’ consensus estimates of $0.40 by $0.07. The firm 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%.

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.