Skandinaviska (OTCMKTS:SVKEF) Stock Breaks Below 200 Day Moving Average - Should You Sell?

Key Points

• Skandinaviska shares fell below their 200-day moving average, trading at $21.175, down 0.8%, on relatively light volume of 318 shares.
• Analyst sentiment remains cautious but stable: all seven analysts rate the stock “Hold”, with recent firms reiterating neutral or upgrading the shares from sell to hold.
• In its latest quarter, Skandinaviska matched the $0.40 EPS consensus but reported revenue of $1.85 billion, below expectations of $1.94 billion; the company posted a 15.43% return on equity and a 21.03% net margin.

Skandinaviska (OTCMKTS:SVKEF - Get Free Report)'s share price crossed below its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of $21.18 and traded as low as $21.1750. Skandinaviska shares last traded at $21.1750, with a volume of 318 shares changing hands.

Analysts Set New Price Targets

A number of analysts recently commented on the stock. Citigroup reiterated a "neutral" rating on shares of Skandinaviska in a research note on Friday, October 9th. Arctic Securiti upgraded shares of Skandinaviska to a "hold" rating in a research note on Friday, October 23rd. The Goldman Sachs Group reaffirmed a "neutral" rating on shares of Skandinaviska in a report on Monday, July 20th. Finally, Keefe, Bruyette & Woods upgraded shares of Skandinaviska from a "moderate sell" rating to a "hold" rating in a research note on Tuesday, October 13th. Seven equities research analysts have rated the stock with a Hold rating. According to data from MarketBeat.com, Skandinaviska has an average rating of "Hold".

Skandinaviska Trading Down 0.8%

The company has a 50 day simple moving average of $23.15 and a two-hundred day simple moving average of $21.18. 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 firm has a market cap of $43.13 billion, a PE ratio of 11.48 and a beta of 0.62.

Skandinaviska (OTCMKTS:SVKEF - Get Free Report) last announced its quarterly earnings data 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. The firm had revenue of $1.85 billion during the quarter, compared to analysts' expectations of $1.94 billion. Skandinaviska had a return on equity of 15.43% and a net margin of 21.03%.

Skandinaviska Company Profile

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.

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