Skandinaviska (OTCMKTS:SVKEF) Reaches New 12-Month High – Should You Buy?

Skandinaviska (OTCMKTS:SVKEF) hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $23.1750 and last traded at $23.1750, with a volume of 300 shares. The stock had previously closed at $22.95.

Analyst Ratings Changes

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

Skandinaviska Price Performance

The company has a debt-to-equity ratio of 4.23, a quick ratio of 1.42 and a current ratio of 1.42. The business’s 50 day simple moving average is $20.83 and its 200-day simple moving average is $20.41. The stock has a market capitalization of $47.21 billion, a price-to-earnings ratio of 12.53 and a beta of 0.56.

Skandinaviska (OTCMKTS:SVKEF) last announced its quarterly earnings results on Wednesday, July 15th. The financial services provider reported $0.47 EPS 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 analyst estimates 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.