Skandinaviska (OTCMKTS:SVKEF) Shares Gap Down – Should You Sell?

Skandinaviska (OTCMKTS:SVKEF) shares gapped down before the market opened on Monday . The stock had previously closed at $21.44, but opened at $17.92. Skandinaviska shares last traded at $17.92, with a volume of 2,544 shares.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on SVKEF shares. Citigroup restated a “neutral” rating on shares of Skandinaviska in a research report on Thursday, January 22nd. Barclays reiterated an “overweight” rating on shares of Skandinaviska in a research note on Wednesday, December 10th. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy”.

Skandinaviska Stock Performance

The company has a market cap of $36.34 billion, a PE ratio of 10.19 and a beta of 0.45. The company has a debt-to-equity ratio of 4.38, a quick ratio of 1.45 and a current ratio of 1.45. The stock’s 50-day simple moving average is $21.30 and its 200 day simple moving average is $20.14.

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.