Skandinaviska (OTCMKTS:SVKEF) Sets New 12-Month High – Time to Buy?

Shares of Skandinaviska (OTCMKTS:SVKEF) hit a new 52-week high during trading on Thursday . The company traded as high as $22.95 and last traded at $22.95, with a volume of 712 shares trading hands. The stock had previously closed at $20.04.

Wall Street Analysts Forecast Growth

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

Skandinaviska Stock Up 14.5%

The stock’s 50 day moving average price is $20.51 and its 200-day moving average price is $20.36. The company has a market cap of $46.75 billion, a PE ratio of 12.41 and a beta of 0.56. The company has a debt-to-equity ratio of 4.23, a quick ratio of 1.42 and a current ratio of 1.42.

Skandinaviska (OTCMKTS:SVKEF) last posted its quarterly earnings results on Wednesday, July 15th. The financial services provider reported $0.47 EPS for the quarter, beating analysts’ consensus estimates of $0.40 by $0.07. The company had revenue of $2.06 billion during 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%.

Skandinaviska Company Profile

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.