SANDVIK AB/ADR (OTCMKTS:SDVKY) has been assigned an average rating of “Hold” from the six research firms that are covering the stock, Marketbeat Ratings reports. Four analysts have rated the stock with a sell rating, one has given a hold rating and one has assigned a buy rating to the company.
A number of research firms recently commented on SDVKY. ValuEngine downgraded SANDVIK AB/ADR from a “hold” rating to a “sell” rating in a report on Thursday, August 1st. Zacks Investment Research downgraded SANDVIK AB/ADR from a “hold” rating to a “sell” rating in a report on Wednesday, July 24th.
OTCMKTS:SDVKY traded down $0.01 during mid-day trading on Friday, reaching $13.61. The stock had a trading volume of 33,843 shares, compared to its average volume of 116,121. The company has a 50 day moving average of $16.37. SANDVIK AB/ADR has a fifty-two week low of $13.23 and a fifty-two week high of $19.05. The company has a market cap of $17.85 billion, a PE ratio of 11.34, a P/E/G ratio of 1.83 and a beta of 1.25. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.35 and a current ratio of 2.17.
SANDVIK AB/ADR (OTCMKTS:SDVKY) last released its quarterly earnings data on Wednesday, July 17th. The industrial products company reported $0.30 EPS for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.02). SANDVIK AB/ADR had a return on equity of 22.71% and a net margin of 12.97%. The firm had revenue of $2.80 billion during the quarter, compared to analyst estimates of $2.84 billion. Research analysts predict that SANDVIK AB/ADR will post 1.11 earnings per share for the current fiscal year.
Hedge funds have recently made changes to their positions in the business. Quadrant Capital Group LLC grew its stake in shares of SANDVIK AB/ADR by 39.9% in the first quarter. Quadrant Capital Group LLC now owns 15,533 shares of the industrial products company’s stock worth $249,000 after acquiring an additional 4,430 shares during the last quarter. Scout Investments Inc. grew its stake in shares of SANDVIK AB/ADR by 3.6% in the second quarter. Scout Investments Inc. now owns 212,125 shares of the industrial products company’s stock worth $3,900,000 after acquiring an additional 7,402 shares during the last quarter. Finally, Parametric Portfolio Associates LLC grew its stake in shares of SANDVIK AB/ADR by 9.0% in the first quarter. Parametric Portfolio Associates LLC now owns 1,322,376 shares of the industrial products company’s stock worth $21,548,000 after acquiring an additional 109,485 shares during the last quarter. Institutional investors own 0.12% of the company’s stock.
SANDVIK AB/ADR Company Profile
Sandvik AB (publ) operates as an engineering company in the areas of mining and rock excavation, metal cutting, and materials technology worldwide. The company offers metal-cutting tools and tooling systems, including boring, drilling, milling, reaming, and turning tools, as well as tailor made tools and inserts, and tooling systems.
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