Skandinaviska (OTCMKTS:SVKEF) Sees Large Volume Increase – Should You Buy?

Skandinaviska (OTCMKTS:SVKEF) shares saw unusually-strong trading volume on Thursday. Approximately 4,149 shares changed hands during trading, an increase of 182% from the average daily volume of 1,469 shares. The stock last traded at $21.6560 and had previously closed at $21.3940.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on SVKEF shares. Citigroup reissued a “neutral” rating on shares of Skandinaviska in a research note on Friday, October 9th. Keefe, Bruyette & Woods upgraded Skandinaviska from a “moderate sell” rating to a “hold” rating in a research report on Tuesday, October 13th. Arctic Securiti upgraded Skandinaviska to a “hold” rating in a report on Friday, October 23rd. Finally, The Goldman Sachs Group reaffirmed a “neutral” rating on shares of Skandinaviska in a research note on Monday, July 20th. Seven equities research analysts have rated the stock with a Hold rating. According to MarketBeat, the company presently has a consensus rating of “Hold”.

Skandinaviska Trading Down 0.9%

The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 4.23. The company has a market cap of $44.11 billion, a price-to-earnings ratio of 11.74 and a beta of 0.59. The firm has a 50 day moving average price of $23.05 and a two-hundred day moving average price of $21.17.

Skandinaviska (OTCMKTS:SVKEF) last released its quarterly earnings results on Thursday, October 22nd. The financial services provider reported $0.40 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.40. Skandinaviska had a net margin of 21.03% and a return on equity of 15.43%. The firm had revenue of $1.85 billion during the quarter, compared to analyst estimates of $1.94 billion.

About Skandinaviska

Skandinaviska Enskilda Banken AB, commonly known as SEB, is a Swedish financial services group serving corporate, institutional and private customers. The company provides banking and investment services, including lending, deposits, payments, cash management, trade finance, corporate finance, securities services, asset management and private banking.

SEB has a strong historical focus on supporting businesses and entrepreneurs. Its origins trace to Stockholms Enskilda Bank, founded in 1856, and Skandinaviska Banken; the two institutions merged in 1972 to form Skandinaviska Enskilda Banken.