Skandinaviska (OTCMKTS:SVKEF) Hits New 1-Year High – Here’s What Happened

Skandinaviska (OTCMKTS:SVKEF)’s stock price hit a new 52-week high on Thursday . The company traded as high as $22.53 and last traded at $22.53, with a volume of 504 shares trading hands. The stock had previously closed at $21.71.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on SVKEF shares. Barclays restated an “overweight” rating on shares of Skandinaviska in a report on Wednesday, December 10th. Citigroup reissued a “neutral” rating on shares of Skandinaviska in a report on Thursday. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy”.

Skandinaviska Trading Up 3.8%

The firm has a market capitalization of $45.89 billion, a price-to-earnings ratio of 14.82 and a beta of 0.44. The business’s fifty day moving average is $20.03 and its 200 day moving average is $18.95. The company has a quick ratio of 1.45, a current 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.