Skandinaviska (OTCMKTS:SVKEF) Sets New 1-Year High - Here's What Happened

Key Points

• Skandinaviska's stock price reached a new 52-week high of $20.03 during trading, closing at $19.70 after a rise of 6.6%.
• The company's latest quarterly earnings showed an EPS of $0.42, exceeding analysts' expectations of $0.40, with a revenue of $2.07 billion.
• Skandinaviska has a market capitalization of $40.13 billion and a PE ratio of 12.63, indicating strong financial performance metrics.

Skandinaviska (OTCMKTS:SVKEF - Get Free Report)'s stock price reached a new 52-week high during mid-day trading on Monday . The company traded as high as $20.03 and last traded at $19.70, with a volume of 1323 shares traded. The stock had previously closed at $18.48.

Skandinaviska Stock Up 6.6%

The business has a 50 day moving average of $18.16 and a 200-day moving average of $17.13. The stock has a market cap of $40.13 billion, a PE ratio of 12.63 and a beta of 0.38. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 4.36.

Skandinaviska (OTCMKTS:SVKEF - Get Free Report) last released its quarterly earnings results on Wednesday, July 16th. The financial services provider reported $0.42 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.40 by $0.02. Skandinaviska had a return on equity of 14.51% and a net margin of 19.37%.The firm had revenue of $2.07 billion for the quarter, compared to the consensus estimate of $19.24 billion.

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.

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