Skandinaviska (OTCMKTS:SVKEF) Shares Up 12.4% – Here’s What Happened

Skandinaviska (OTCMKTS:SVKEF)’s share price shot up 12.4% during trading on Monday . The company traded as high as $20.03 and last traded at $19.70. 1,323 shares were traded during trading, an increase of 67,746% from the average session volume of 2 shares. The stock had previously closed at $17.53.

Skandinaviska Stock Up 12.4%

The business has a fifty day moving average of $18.19 and a 200 day moving average of $17.15. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 4.36. The firm has a market cap of $40.13 billion, a P/E ratio of 12.63 and a beta of 0.38.

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

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.