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

Skandinaviska (OTCMKTS:SVKEF - Get Free Report)'s stock price reached a new 52-week high during trading on Monday . The company traded as high as $18.66 and last traded at $18.66, with a volume of 300 shares trading hands. The stock had previously closed at $18.65.

Wall Street Analyst Weigh In

A number of research firms have commented on SVKEF. Citigroup restated a "neutral" rating on shares of Skandinaviska in a research report on Wednesday, May 21st. Barclays upgraded shares of Skandinaviska from a "strong sell" rating to a "strong-buy" rating in a research report on Monday, June 2nd.

Skandinaviska Price Performance

The company's 50 day simple moving average is $17.21 and its 200 day simple moving average is $15.73. The stock has a market cap of $38.01 billion, a P/E ratio of 11.96 and a beta of 0.46.

Skandinaviska (OTCMKTS:SVKEF - Get Free Report) last issued its quarterly earnings data on Tuesday, April 29th. The financial services provider reported $0.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.38 by ($0.02). Skandinaviska had a return on equity of 15.14% and a net margin of 19.05%. The company had revenue of $1.97 billion for the quarter, compared to the consensus estimate of $18.93 billion.

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.