SANDVIK AB/ADR (OTCMKTS:SDVKY) Given Average Rating of “Hold” by Brokerages

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SANDVIK AB/ADR (OTCMKTS:SDVKY) has received a consensus rating of “Hold” from the six research firms that are presently covering the stock, MarketBeat reports. Four research analysts have rated the stock with a sell rating, one has given a hold rating and one has issued a buy rating on the company.

Several brokerages recently issued reports 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.

Shares of OTCMKTS SDVKY traded up $0.09 during mid-day trading on Friday, hitting $13.74. The company had a trading volume of 44,800 shares, compared to its average volume of 93,083. The stock has a market cap of $17.09 billion, a price-to-earnings ratio of 11.45, a PEG ratio of 1.75 and a beta of 1.25. SANDVIK AB/ADR has a 12 month low of $13.23 and a 12 month high of $19.05. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.17 and a quick ratio of 1.35. The firm’s 50 day simple moving average is $16.19 and its two-hundred day simple moving average is $16.71.

SANDVIK AB/ADR (OTCMKTS:SDVKY) last announced its quarterly earnings results on Wednesday, July 17th. The industrial products company reported $0.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.32 by ($0.02). The company had revenue of $2.80 billion during the quarter, compared to the consensus estimate of $2.84 billion. SANDVIK AB/ADR had a return on equity of 22.71% and a net margin of 12.97%. Equities analysts forecast that SANDVIK AB/ADR will post 1.11 earnings per share for the current year.

Institutional investors have recently made changes to their positions in the business. Quadrant Capital Group LLC raised its stake in SANDVIK AB/ADR by 39.9% during the 1st quarter. Quadrant Capital Group LLC now owns 15,533 shares of the industrial products company’s stock valued at $249,000 after acquiring an additional 4,430 shares in the last quarter. Scout Investments Inc. raised its stake in SANDVIK AB/ADR by 3.6% during the 2nd quarter. Scout Investments Inc. now owns 212,125 shares of the industrial products company’s stock valued at $3,900,000 after acquiring an additional 7,402 shares in the last quarter. Finally, Parametric Portfolio Associates LLC raised its stake in SANDVIK AB/ADR by 9.0% during the 1st quarter. Parametric Portfolio Associates LLC now owns 1,322,376 shares of the industrial products company’s stock valued at $21,548,000 after acquiring an additional 109,485 shares in the last quarter. 0.12% of the stock is currently owned by hedge funds and other institutional investors.

About SANDVIK AB/ADR

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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