Skandinaviska (OTCMKTS:SVKEF) Shares Gap Down – What’s Next?

Skandinaviska (OTCMKTS:SVKEF) gapped down prior to trading on Tuesday . The stock had previously closed at $21.44, but opened at $20.6425. Skandinaviska shares last traded at $20.6425, with a volume of 430 shares changing hands.

Analysts Set New Price Targets

Several brokerages recently issued reports on SVKEF. Barclays restated an “overweight” rating on shares of Skandinaviska in a research note on Wednesday, December 10th. Citigroup restated a “neutral” rating on shares of Skandinaviska in a research report on Thursday, January 22nd. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy”.

Skandinaviska Stock Performance

The firm has a market cap of $42.05 billion, a P/E ratio of 11.80 and a beta of 0.45. The company has a debt-to-equity ratio of 4.38, a quick ratio of 1.45 and a current ratio of 1.45. The firm has a fifty day moving average of $21.65 and a 200-day moving average of $19.95.

About Skandinaviska

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.