Skandinaviska (OTCMKTS:SVKEF) Stock Crosses Below Two Hundred Day Moving Average – Time to Sell?

Skandinaviska (OTCMKTS:SVKEF) crossed below its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of $21.18 and traded as low as $21.1750. Skandinaviska shares last traded at $21.1750, with a volume of 318 shares changing hands.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. The Goldman Sachs Group reaffirmed a “neutral” rating on shares of Skandinaviska in a report on Monday, July 20th. Citigroup restated a “neutral” rating on shares of Skandinaviska in a research note on Friday, October 9th. Arctic Securiti upgraded Skandinaviska to a “hold” rating in a research note on Friday, October 23rd. Finally, Keefe, Bruyette & Woods raised Skandinaviska from a “moderate sell” rating to a “hold” rating in a report on Tuesday, October 13th. Seven equities research analysts have rated the stock with a Hold rating. According to data from MarketBeat, the stock has an average rating of “Hold”.

Skandinaviska Stock Performance

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 market capitalization of $43.13 billion, a PE ratio of 11.48 and a beta of 0.62. The firm’s fifty day moving average price is $23.15 and its two-hundred day moving average price is $21.18.

Skandinaviska (OTCMKTS:SVKEF) last posted its earnings results on Thursday, October 22nd. The financial services provider reported $0.40 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.40. Skandinaviska had a net margin of 21.03% and a return on equity of 15.43%. The firm had revenue of $1.85 billion during the quarter, compared to analysts’ expectations of $1.94 billion.

About Skandinaviska

Skandinaviska Enskilda Banken AB, commonly known as SEB, is a Swedish financial services group serving corporate, institutional and private customers. The company provides banking and investment services, including lending, deposits, payments, cash management, trade finance, corporate finance, securities services, asset management and private banking.

SEB has a strong historical focus on supporting businesses and entrepreneurs. Its origins trace to Stockholms Enskilda Bank, founded in 1856, and Skandinaviska Banken; the two institutions merged in 1972 to form Skandinaviska Enskilda Banken.