Skandinaviska (OTCMKTS:SVKEF) Hits New 52-Week High - Still a Buy?

Skandinaviska (OTCMKTS:SVKEF - Get Free Report) reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $18.65 and last traded at $18.65, with a volume of 259 shares traded. The stock had previously closed at $17.38.

Analyst Ratings Changes

Several equities analysts have issued reports on SVKEF shares. Barclays upgraded Skandinaviska from a "strong sell" rating to a "strong-buy" rating in a research report on Monday, June 2nd. Citigroup reiterated a "neutral" rating on shares of Skandinaviska in a research report on Wednesday, May 21st.

Skandinaviska Price Performance

The company has a 50 day moving average price of $16.76 and a 200 day moving average price of $15.55. The firm has a market cap of $38.00 billion, a PE ratio of 11.96 and a beta of 0.44. The company has a current ratio of 1.53, a quick ratio of 1.44 and a debt-to-equity ratio of 3.89.

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

Skandinaviska Company Profile

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.