Skandinaviska (OTCMKTS:SVKEF) Reaches New 1-Year High – Time to Buy?

Skandinaviska (OTCMKTS:SVKEF) shares hit a new 52-week high on Tuesday . The stock traded as high as $23.50 and last traded at $23.50, with a volume of 100 shares traded. The stock had previously closed at $22.51.

Analyst Upgrades and Downgrades

SVKEF has been the topic of a number of recent research reports. Citigroup restated a “neutral” rating on shares of Skandinaviska in a research note on Tuesday, July 7th. The Goldman Sachs Group reissued a “neutral” rating on shares of Skandinaviska in a report on Monday, July 20th. Five investment analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company presently has a consensus rating of “Hold”.

Skandinaviska Trading Up 0.7%

The firm has a market capitalization of $48.21 billion, a price-to-earnings ratio of 12.79 and a beta of 0.57. 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 company has a 50 day moving average price of $21.72 and a two-hundred day moving average price of $20.55.

Skandinaviska (OTCMKTS:SVKEF) last issued its quarterly earnings results on Wednesday, July 15th. The financial services provider reported $0.47 EPS for the quarter, topping the consensus estimate of $0.40 by $0.07. Skandinaviska had a net margin of 21.30% and a return on equity of 15.60%. The company had revenue of $2.06 billion during the quarter, compared to analyst estimates of $1.97 billion.

About Skandinaviska

Skandinaviska Enskilda Banken AB, commonly known as SEB, is a Swedish financial services group that provides banking and financial solutions to companies, institutions and private individuals. Its activities include corporate and investment banking, commercial banking, payments, lending, savings, wealth management and insurance-related services.

SEB serves customers primarily in Sweden and other Nordic and Baltic countries, with additional operations and client relationships in selected European markets.