Skandinaviska (OTCMKTS:SVKEF) Hits New 52-Week High – Here’s What Happened

Skandinaviska (OTCMKTS:SVKEF) shares hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $21.1075 and last traded at $21.1075, with a volume of 4061 shares traded. The stock had previously closed at $20.44.

Analyst Ratings Changes

Several equities research analysts have weighed in on the stock. Citigroup reiterated a “neutral” rating on shares of Skandinaviska in a report on Tuesday, October 14th. Barclays reaffirmed an “overweight” rating on shares of Skandinaviska in a research note on Wednesday, December 10th. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy”.

Skandinaviska Trading Up 3.3%

The company has a market cap of $43.00 billion, a P/E ratio of 13.89 and a beta of 0.46. The business has a 50 day moving average price of $19.22 and a 200-day moving average price of $18.52. 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.