Sandvik AB (publ) (OTCMKTS:SDVKY) Hits New 1-Year Low – Time to Sell?

Sandvik AB (publ) (OTCMKTS:SDVKY)’s stock price reached a new 52-week low on Wednesday . The stock traded as low as $18.09 and last traded at $18.25, with a volume of 256187 shares trading hands. The stock had previously closed at $18.54.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on SDVKY shares. UBS Group downgraded shares of Sandvik AB (publ) from a “neutral” rating to a “sell” rating in a report on Wednesday, October 23rd. Barclays upgraded Sandvik AB (publ) from a “strong sell” rating to a “strong-buy” rating in a report on Wednesday, October 9th. Finally, Citigroup upgraded shares of Sandvik AB (publ) to a “strong-buy” rating in a report on Tuesday, October 15th.

Sandvik AB (publ) Stock Performance

The business has a 50-day simple moving average of $20.43 and a 200-day simple moving average of $20.60. The company has a market cap of $22.96 billion, a PE ratio of 16.34, a price-to-earnings-growth ratio of 2.95 and a beta of 1.50. The company has a quick ratio of 0.85, a current ratio of 1.58 and a debt-to-equity ratio of 0.45.

Sandvik AB (publ) (OTCMKTS:SDVKY) last announced its earnings results on Monday, October 21st. The industrial products company reported $0.28 EPS for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.02). The firm had revenue of $2.91 billion for the quarter. Sandvik AB (publ) had a net margin of 9.93% and a return on equity of 16.56%. On average, analysts predict that Sandvik AB will post 1.23 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. GAMMA Investing LLC boosted its stake in Sandvik AB (publ) (OTCMKTS:SDVKY) by 14.6% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,425 shares of the industrial products company’s stock after acquiring an additional 564 shares during the period. GAMMA Investing LLC’s holdings in Sandvik AB (publ) were worth $99,000 as of its most recent SEC filing. Institutional investors 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.