Skandinaviska (OTCMKTS:SVKEF) Trading Up 1.2% – Should You Buy?

Skandinaviska (OTCMKTS:SVKEF) rose 1.2% during mid-day trading on Thursday . The stock traded as high as $21.85 and last traded at $21.85. Approximately 100 shares changed hands during mid-day trading, a decline of 36% from the average daily volume of 155 shares. The stock had previously closed at $21.60.

Analyst Ratings Changes

Several equities research analysts have weighed in on SVKEF shares. Barclays reaffirmed an “overweight” rating on shares of Skandinaviska in a research report on Wednesday, December 10th. Citigroup reaffirmed a “neutral” rating on shares of Skandinaviska in a report on Thursday, January 22nd. 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 Up 1.2%

The company has a market cap of $44.51 billion, a price-to-earnings ratio of 12.49 and a beta of 0.46. The stock has a 50-day simple moving average of $21.01 and a 200-day simple moving average of $19.43. 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.