Skandinaviska (OTCMKTS:SVKEF) Reaches New 52-Week High – Time to Buy?

Skandinaviska (OTCMKTS:SVKEF) shares hit a new 52-week high during trading on Tuesday . The company traded as high as $21.81 and last traded at $21.3450, with a volume of 865 shares. The stock had previously closed at $20.44.

Wall Street Analyst Weigh In

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

Skandinaviska Trading Up 1.1%

The company has a market capitalization of $43.48 billion, a P/E ratio of 14.04 and a beta of 0.46. The company has a debt-to-equity ratio of 4.38, a current ratio of 1.45 and a quick ratio of 1.45. The firm has a fifty day moving average price of $19.45 and a 200-day moving average price of $18.65.

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.