Stevanato Group (NYSE:STVN) Trading Up 1% – What’s Next?

Shares of Stevanato Group S.p.A. (NYSE:STVN) traded up 1% during trading on Monday . The company traded as high as €19.94 ($20.99) and last traded at €19.85 ($20.89). 79,507 shares traded hands during mid-day trading, a decline of 84% from the average session volume of 510,434 shares. The stock had previously closed at €19.65 ($20.68).

Wall Street Analyst Weigh In

Separately, Citigroup cut their price target on shares of Stevanato Group from $30.00 to $28.00 and set a “buy” rating for the company in a report on Wednesday, August 7th.

Stevanato Group Trading Up 1.4 %

The company has a debt-to-equity ratio of 0.22, a current ratio of 1.81 and a quick ratio of 1.21. The stock has a 50-day simple moving average of €19.44 and a 200-day simple moving average of €19.65.

Stevanato Group (NYSE:STVN) last released its quarterly earnings data on Tuesday, November 5th. The company reported €0.12 ($0.13) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of €0.13 ($0.14) by (€0.01) (($0.01)). Stevanato Group had a return on equity of 9.86% and a net margin of 10.47%. The company had revenue of €277.90 million for the quarter, compared to analyst estimates of €274.36 million. During the same quarter in the prior year, the company earned $0.16 earnings per share. Stevanato Group’s revenue for the quarter was up 2.4% compared to the same quarter last year. As a group, equities analysts anticipate that Stevanato Group S.p.A. will post 0.5 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Stevanato Group

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Harbor Capital Advisors Inc. boosted its stake in shares of Stevanato Group by 109.1% during the second quarter. Harbor Capital Advisors Inc. now owns 8,867 shares of the company’s stock valued at $163,000 after purchasing an additional 4,626 shares in the last quarter. Hilltop National Bank boosted its position in Stevanato Group by 34.3% during the 2nd quarter. Hilltop National Bank now owns 4,395 shares of the company’s stock worth $81,000 after buying an additional 1,122 shares during the period. Schwartz Investment Counsel Inc. grew its holdings in Stevanato Group by 12.3% during the 2nd quarter. Schwartz Investment Counsel Inc. now owns 126,281 shares of the company’s stock worth $2,316,000 after acquiring an additional 13,800 shares during the last quarter. Raymond James Trust N.A. grew its holdings in Stevanato Group by 18.7% during the 2nd quarter. Raymond James Trust N.A. now owns 10,239 shares of the company’s stock worth $188,000 after acquiring an additional 1,613 shares during the last quarter. Finally, Liontrust Investment Partners LLP bought a new position in shares of Stevanato Group during the second quarter valued at $6,104,000.

About Stevanato Group

Stevanato Group S.p.A. engages in the design, production, and distribution of products and processes to provide integrated solutions for bio-pharma and healthcare industries in Europe, the Middle East, Africa, North America, South America, and the Asia Pacific. The company operates in two segments, Biopharmaceutical and Diagnostic Solutions; and Engineering.