Sandvik AB (publ) (OTCMKTS:SDVKY) Stock Price Crosses Below 50-Day Moving Average – Time to Sell?

Shares of Sandvik AB (publ) (OTCMKTS:SDVKY) crossed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $21.86 and traded as low as $18.12. Sandvik AB (publ) shares last traded at $18.17, with a volume of 90,672 shares.

Analyst Ratings Changes

Separately, Sanford C. Bernstein upgraded Sandvik AB (publ) from an “underperform” rating to a “market perform” rating in a report on Monday, January 6th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, one has assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy”.

Sandvik AB (publ) Price Performance

The stock has a market capitalization of $22.79 billion, a PE ratio of 19.54, a P/E/G ratio of 1.00 and a beta of 1.48. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.79 and a quick ratio of 0.94. The firm’s 50 day simple moving average is $21.86 and its 200 day simple moving average is $20.31.

Sandvik AB (publ) (OTCMKTS:SDVKY) last issued its earnings results on Thursday, January 23rd. The industrial products company reported $0.30 EPS for the quarter, hitting analysts’ consensus estimates of $0.30. Sandvik AB (publ) had a net margin of 9.92% and a return on equity of 16.07%. As a group, equities analysts forecast that Sandvik AB will post 1.27 EPS for the current fiscal year.

Institutional Investors Weigh In On Sandvik AB (publ)

A hedge fund recently raised its stake in Sandvik AB (publ) stock. Rhumbline Advisers raised its stake in Sandvik AB (publ) (OTCMKTS:SDVKY) by 12.4% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 32,707 shares of the industrial products company’s stock after purchasing an additional 3,607 shares during the quarter. Rhumbline Advisers’ holdings in Sandvik AB (publ) were worth $585,000 at the end of the most recent quarter. Institutional investors and hedge funds own 0.74% of the company’s stock.

About Sandvik AB (publ)

Sandvik AB (publ), an engineering company, provides products and solutions for mining and rock excavation, metal cutting, and materials technology worldwide. The company offers mining and rock excavation equipment, including drill rigs and bolters, underground loaders and trucks, mechanical cutting equipment, rock tools and rock drills, and mining automation; rock processing equipment, such as crushers, screens, hydraulic breakers, demolition tools, and breaker booms.