Skandinaviska (OTCMKTS:SVKEF) Sets New 1-Year High – Here’s Why

Skandinaviska (OTCMKTS:SVKEF)’s stock price reached a new 52-week high during mid-day trading on Monday . The company traded as high as $22.32 and last traded at $22.32, with a volume of 100 shares changing hands. The stock had previously closed at $21.1075.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on SVKEF. Barclays reissued an “overweight” rating on shares of Skandinaviska in a research report on Wednesday, December 10th. Citigroup reiterated a “neutral” rating on shares of Skandinaviska in a research note on Tuesday, October 14th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, Skandinaviska currently has a consensus rating of “Moderate Buy”.

Skandinaviska Stock Down 1.9%

The firm has a 50 day moving average of $19.78 and a 200-day moving average of $18.85. The company has a debt-to-equity ratio of 4.38, a current ratio of 1.45 and a quick ratio of 1.45. The stock has a market capitalization of $44.59 billion, a P/E ratio of 14.40 and a beta of 0.44.

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.