Skandinaviska (OTCMKTS:SVKEF) Shares Gap Up - Here's Why

Key Points

• Shares gapped up, opening at $20.32 versus a prior close of $18.60, though trading volume was very light at about 100 shares.
• Analyst sentiment is broadly neutral with an average rating of Hold; Barclays recently cut its rating from "strong-buy" to "hold" and several other firms have reiterated holds/neutral ratings.
• Key fundamentals: market capitalization roughly $41.4 billion, P/E 11.61, low volatility (beta 0.52) but a high debt-to-equity ratio of 4.38.

Skandinaviska (OTCMKTS:SVKEF - Get Free Report) shares gapped up before the market opened on Tuesday . The stock had previously closed at $18.60, but opened at $20.32. Skandinaviska shares last traded at $20.32, with a volume of 100 shares trading hands.

Analyst Ratings Changes

A number of equities research analysts have weighed in on SVKEF shares. Barclays lowered Skandinaviska from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, April 8th. Jefferies Financial Group reissued a "hold" rating on shares of Skandinaviska in a research report on Wednesday, April 8th. Citigroup reissued a "neutral" rating on shares of Skandinaviska in a report on Thursday, January 22nd. Finally, Deutsche Bank Aktiengesellschaft restated a "hold" rating on shares of Skandinaviska in a research note on Monday. Four analysts have rated the stock with a Hold rating, According to MarketBeat, Skandinaviska currently has an average rating of "Hold".

Skandinaviska Stock Performance

The stock has a market capitalization of $41.39 billion, a P/E ratio of 11.61 and a beta of 0.52. The company has a debt-to-equity ratio of 4.38, a quick ratio of 1.45 and a current ratio of 1.45. The stock has a 50 day moving average of $20.61 and a 200 day moving average of $20.13.

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. It offers treasury advisory services; factoring and receivable, trade, and export financing; markets and trading, such as equities, fixed income, commodities, and foreign exchange; financial services, including investment, financing, and ownership; and shipping and real estate finance.

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