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.
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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