Skandinaviska (OTCMKTS:SVKEF) Shares Gap Down – Here’s What Happened

Skandinaviska (OTCMKTS:SVKEF)’s stock price gapped down before the market opened on Tuesday . The stock had previously closed at $21.44, but opened at $20.6425. Skandinaviska shares last traded at $20.6425, with a volume of 430 shares changing hands.

Analysts Set New Price Targets

SVKEF has been the topic of a number of analyst reports. Barclays reiterated an “overweight” rating on shares of Skandinaviska in a research note on Wednesday, December 10th. Citigroup restated a “neutral” rating on shares of Skandinaviska in a research note on Thursday, January 22nd. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy”.

Skandinaviska Trading Down 3.7%

The firm has a market capitalization of $42.05 billion, a PE ratio of 11.80 and a beta of 0.46. The firm has a 50 day simple moving average of $21.67 and a 200 day simple moving average of $19.93. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 4.38.

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.