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

Skandinaviska (OTCMKTS:SVKEF)’s stock price gapped up prior to trading on Wednesday . The stock had previously closed at $18.72, but opened at $20.50. Skandinaviska shares last traded at $20.50, with a volume of 1,394 shares traded.

Analyst Ratings Changes

A number of brokerages have weighed in on SVKEF. Jefferies Financial Group reissued a “hold” rating on shares of Skandinaviska in a research report on Wednesday, April 8th. Barclays lowered Skandinaviska from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 8th. Citigroup restated a “neutral” rating on shares of Skandinaviska in a research note on Friday, May 1st. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Skandinaviska in a research note on Monday, April 13th. Four analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, Skandinaviska currently has an average rating of “Hold”.

Skandinaviska Trading Up 9.5%

The stock has a 50 day simple moving average of $19.52 and a 200-day simple moving average of $20.23. The firm has a market capitalization of $41.76 billion, a P/E ratio of 11.71 and a beta of 0.56. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 4.38.

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.