Skandinaviska (OTCMKTS:SVKEF) Reaches New 12-Month High – Time to Buy?

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

Analyst Ratings Changes

SVKEF has been the subject of several analyst reports. Citigroup restated a “neutral” rating on shares of Skandinaviska in a research report on Tuesday, July 7th. The Goldman Sachs Group restated a “neutral” rating on shares of Skandinaviska in a report on Monday, July 20th. Five analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, Skandinaviska presently has an average rating of “Hold”.

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Skandinaviska Stock Up 1.4%

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 stock’s 50-day moving average price is $21.58 and its two-hundred day moving average price is $20.52. The stock has a market capitalization of $47.87 billion, a PE ratio of 12.70 and a beta of 0.56.

Skandinaviska (OTCMKTS:SVKEF – Get Free Report) last announced its quarterly earnings data on Wednesday, July 15th. The financial services provider reported $0.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.40 by $0.07. Skandinaviska had a return on equity of 15.60% and a net margin of 21.30%.The business had revenue of $2.06 billion during the quarter, compared to analysts’ expectations of $1.97 billion.

About Skandinaviska

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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.

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