Skandinaviska (OTCMKTS:SVKEF) Sets New 52-Week High – Here’s What Happened

Shares of Skandinaviska (OTCMKTS:SVKEFGet Free Report) reached a new 52-week high on Wednesday . The stock traded as high as $23.1750 and last traded at $23.1750, with a volume of 300 shares traded. The stock had previously closed at $22.95.

Analyst Upgrades and Downgrades

SVKEF has been the topic of a number of research analyst reports. The Goldman Sachs Group restated 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 research analysts have rated the stock with a Hold rating, According to MarketBeat, Skandinaviska has an average rating of “Hold”.

Get Our Latest Analysis on SVKEF

Skandinaviska Price Performance

The stock has a market capitalization of $47.21 billion, a P/E ratio of 12.53 and a beta of 0.56. The business’s 50 day simple moving average is $20.70 and its two-hundred day simple moving average is $20.38. 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:SVKEFGet Free Report) last posted its earnings results on Wednesday, July 15th. The financial services provider reported $0.47 earnings per share for the quarter, topping analysts’ consensus estimates 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

(Get Free Report)

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.

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