Skandinaviska (OTCMKTS:SVKEF) Sees Large Volume Increase – Should You Buy?

Shares of Skandinaviska (OTCMKTS:SVKEF) saw strong trading volume on Thursday. 4,149 shares were traded during mid-day trading, an increase of 182% from the average daily volume of 1,469 shares. The stock last traded at $21.6560 and had previously closed at $21.3940.

Analysts Set New Price Targets

A number of equities analysts have issued reports on SVKEF shares. Keefe, Bruyette & Woods upgraded Skandinaviska from a “moderate sell” rating to a “hold” rating in a report on Tuesday, October 13th. The Goldman Sachs Group reiterated a “neutral” rating on shares of Skandinaviska in a research note on Monday, July 20th. Citigroup reiterated a “neutral” rating on shares of Skandinaviska in a research report on Friday, October 9th. Finally, Arctic Securiti raised shares of Skandinaviska to a “hold” rating in a research note on Friday, October 23rd. Seven equities research analysts have rated the stock with a Hold rating. According to data from MarketBeat, the stock presently has an average rating of “Hold”.

Skandinaviska Price Performance

The business has a 50-day moving average of $23.05 and a 200 day moving average of $21.17. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 4.23. The firm has a market capitalization of $44.11 billion, a P/E ratio of 11.74 and a beta of 0.59.

Skandinaviska (OTCMKTS:SVKEF) last announced its quarterly earnings data on Thursday, October 22nd. The financial services provider reported $0.40 EPS for the quarter, meeting analysts’ consensus estimates of $0.40. The firm had revenue of $1.85 billion during the quarter, compared to analysts’ expectations of $1.94 billion. Skandinaviska had a return on equity of 15.43% and a net margin of 21.03%.

Skandinaviska Company Profile

Skandinaviska Enskilda Banken AB, commonly known as SEB, is a Swedish financial services group serving corporate, institutional and private customers. The company provides banking and investment services, including lending, deposits, payments, cash management, trade finance, corporate finance, securities services, asset management and private banking.

SEB has a strong historical focus on supporting businesses and entrepreneurs. Its origins trace to Stockholms Enskilda Bank, founded in 1856, and Skandinaviska Banken; the two institutions merged in 1972 to form Skandinaviska Enskilda Banken.