Skandinaviska Enskilda Banken AB (publ) (OTCMKTS:SVKEF) Shares Up 0.4% – Here’s What Happened

Skandinaviska Enskilda Banken AB (publ) (OTCMKTS:SVKEF)’s stock price was up 0.4% during trading on Friday . The stock traded as high as $13.45 and last traded at $13.45. Approximately 299 shares traded hands during trading, a decline of 59% from the average daily volume of 727 shares. The stock had previously closed at $13.39.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on SVKEF. BNP Paribas upgraded Skandinaviska Enskilda Banken AB (publ) to a “hold” rating in a research note on Tuesday, October 1st. The Goldman Sachs Group upgraded shares of Skandinaviska Enskilda Banken AB (publ) to a “hold” rating in a research report on Friday, September 27th.

Skandinaviska Enskilda Banken AB (publ) Stock Up 0.4 %

The firm has a market capitalization of $29.05 billion, a PE ratio of 8.01 and a beta of 0.77. The company has a debt-to-equity ratio of 4.29, a current ratio of 1.44 and a quick ratio of 1.44. The company has a 50-day moving average price of $13.99 and a 200 day moving average price of $14.73.

Skandinaviska Enskilda Banken AB (publ) (OTCMKTS:SVKEF) last posted its earnings results on Thursday, October 24th. The financial services provider reported $0.44 EPS for the quarter. The company had revenue of $2.01 billion for the quarter. Skandinaviska Enskilda Banken AB (publ) had a return on equity of 16.84% and a net margin of 19.50%. Analysts forecast that Skandinaviska Enskilda Banken AB will post 1.65 earnings per share for the current year.

About Skandinaviska Enskilda Banken AB (publ)

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.