Skandinaviska (OTCMKTS:SVKEF) Sees Unusually-High Trading Volume – What’s Next?

Shares of Skandinaviska (OTCMKTS:SVKEF) saw unusually-high trading volume on Thursday. 4,149 shares traded hands during mid-day trading, an increase of 182% from the average daily volume of 1,469 shares. The stock last traded at $21.6560 and had previously closed at $21.3940.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on SVKEF shares. Keefe, Bruyette & Woods upgraded Skandinaviska from a “moderate sell” rating to a “hold” rating in a report on Tuesday, October 13th. Citigroup reissued a “neutral” rating on shares of Skandinaviska in a research note on Friday, October 9th. The Goldman Sachs Group restated a “neutral” rating on shares of Skandinaviska in a report on Monday, July 20th. Finally, Arctic Securiti raised shares of Skandinaviska to a “hold” rating in a research note on Friday, October 23rd. Seven research analysts have rated the stock with a Hold rating. Based on data from MarketBeat.com, the company currently has an average rating of “Hold”.

Skandinaviska Stock Performance

The stock’s 50 day moving average is $23.02 and its two-hundred day moving average is $21.18. The stock has a market capitalization of $45.00 billion, a price-to-earnings ratio of 11.97 and a beta of 0.59. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 4.23.

Skandinaviska (OTCMKTS:SVKEF) last released its quarterly earnings results on Thursday, October 22nd. The financial services provider reported $0.40 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.40. Skandinaviska had a return on equity of 15.43% and a net margin of 21.03%. The firm had revenue of $1.85 billion for the quarter, compared to the consensus estimate of $1.94 billion.

About Skandinaviska

Skandinaviska Enskilda Banken AB, commonly known as SEB, is a Swedish financial services group serving individuals, businesses, institutions and public-sector organizations. Its services include personal and corporate banking, payments, lending, investment banking, wealth and asset management, and insurance-related offerings.

SEB has roots in Stockholms Enskilda Bank, founded in 1856 by André Oscar Wallenberg. The present-day group was formed in 1972 through the merger of Stockholms Enskilda Bank and Skandinaviska Banken.

The company is headquartered in Sweden and has a strong presence in the Nordic and Baltic countries.