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Skandinaviska (OTCMKTS:SVKEF) Trading 7.3% Higher - Here's What Happened

Skandinaviska logo with Finance background

Skandinaviska (OTCMKTS:SVKEF - Get Free Report)'s share price traded up 7.3% on Thursday . The stock traded as high as $18.65 and last traded at $18.65. 259 shares traded hands during mid-day trading, an increase of 91% from the average session volume of 136 shares. The stock had previously closed at $17.38.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. Citigroup restated a "neutral" rating on shares of Skandinaviska in a research note on Wednesday, May 21st. Barclays raised shares of Skandinaviska from a "strong sell" rating to a "strong-buy" rating in a research note on Monday, June 2nd.

Get Our Latest Research Report on Skandinaviska

Skandinaviska Stock Performance

The stock has a market capitalization of $38.00 billion, a PE ratio of 11.96 and a beta of 0.44. The company has a quick ratio of 1.44, a current ratio of 1.53 and a debt-to-equity ratio of 3.89. The stock has a fifty day moving average of $16.69 and a 200-day moving average of $15.51.

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

Skandinaviska Company Profile

(Get Free Report)

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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