Skandinaviska (OTCMKTS:SVKEF) Sets New 12-Month High – Should You Buy?

Skandinaviska (OTCMKTS:SVKEF) hit a new 52-week high on Wednesday . The stock traded as high as $20.44 and last traded at $20.44, with a volume of 343 shares traded. The stock had previously closed at $18.8150.

Analyst Ratings Changes

A number of analysts have weighed in on the stock. Barclays reissued an “overweight” rating on shares of Skandinaviska in a report on Wednesday, December 10th. Citigroup reiterated a “neutral” rating on shares of Skandinaviska in a research note on Tuesday, October 14th. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, Skandinaviska has an average rating of “Moderate Buy”.

Skandinaviska Price Performance

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 company has a market capitalization of $41.64 billion, a PE ratio of 13.45 and a beta of 0.46. The company’s 50-day simple moving average is $19.05 and its 200-day simple moving average is $18.33.

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. 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.