Skandinaviska (OTCMKTS:SVKEF) Reaches New 1-Year High – What’s Next?

Shares of Skandinaviska (OTCMKTS:SVKEF) hit a new 52-week high during mid-day trading on Wednesday . The company 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 several recent analyst reports. The Goldman Sachs Group reissued 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 report on Tuesday, July 7th. Five analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company presently has an average rating of “Hold”.

Skandinaviska Price 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 business’s fifty day moving average is $20.70 and its 200 day moving average is $20.38. The company has a market cap of $47.21 billion, a P/E ratio of 12.53 and a beta of 0.56.

Skandinaviska (OTCMKTS:SVKEF) last announced its quarterly earnings data on Wednesday, July 15th. The financial services provider reported $0.47 earnings per share for the quarter, beating the consensus estimate of $0.40 by $0.07. Skandinaviska had a return on equity of 15.60% and a net margin of 21.30%.The business had revenue of $2.06 billion during the quarter, compared to analyst estimates of $1.97 billion.

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.