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

Skandinaviska (OTCMKTS:SVKEF)’s share price gapped up before the market opened 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 changing hands.

Wall Street Analyst Weigh In

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

Skandinaviska Stock Performance

The stock has a market cap of $45.85 billion, a P/E ratio of 12.17 and a beta of 0.56. The firm’s 50-day moving average is $20.56 and its two-hundred day moving average is $20.37. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 4.23.

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

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.