Skandinaviska (OTCMKTS:SVKEF) Share Price Crosses Below Two Hundred Day Moving Average – Should You Sell?

Shares of Skandinaviska (OTCMKTS:SVKEF) passed below its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of $21.18 and traded as low as $21.1750. Skandinaviska shares last traded at $21.1750, with a volume of 318 shares.

Analysts Set New Price Targets

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

Skandinaviska Price Performance

The company has a market cap of $43.13 billion, a price-to-earnings ratio of 11.48 and a beta of 0.62. The company has a debt-to-equity ratio of 4.23, a quick ratio of 1.42 and a current ratio of 1.42. The stock’s fifty day moving average is $23.11 and its two-hundred day moving average is $21.18.

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 analysts’ consensus estimates of $0.40. The business had revenue of $1.85 billion during the quarter, compared to the consensus estimate of $1.94 billion. Skandinaviska had a return on equity of 15.43% and a net margin of 21.03%.

About Skandinaviska

Skandinaviska Enskilda Banken AB, commonly known as SEB, is a Swedish financial services group serving corporate, institutional and private customers. The company provides banking and investment services, including lending, deposits, payments, cash management, trade finance, corporate finance, securities services, asset management and private banking.

SEB has a strong historical focus on supporting businesses and entrepreneurs. Its origins trace to Stockholms Enskilda Bank, founded in 1856, and Skandinaviska Banken; the two institutions merged in 1972 to form Skandinaviska Enskilda Banken.