Sandvik AB (publ) (OTCMKTS:SDVKY) Stock Price Down 0.1% - Should You Sell?

Sandvik AB (publ) (OTCMKTS:SDVKY - Get Free Report) shares were down 0.1% on Monday . The company traded as low as $21.77 and last traded at $21.98. Approximately 27,588 shares were traded during trading, a decline of 63% from the average daily volume of 75,257 shares. The stock had previously closed at $22.00.

Sandvik AB (publ) Stock Down 0.2%

The company has a market cap of $27.85 billion, a P/E ratio of 23.87, a price-to-earnings-growth ratio of 1.00 and a beta of 1.55. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.94 and a current ratio of 1.79. The business's fifty day moving average is $20.74 and its two-hundred day moving average is $20.45.

Sandvik AB (publ) (OTCMKTS:SDVKY - Get Free Report) last posted its quarterly earnings results on Wednesday, April 16th. The industrial products company reported $0.28 earnings per share for the quarter, missing the consensus estimate of $0.29 by ($0.01). The company had revenue of $3 billion for the quarter, compared to the consensus estimate of $30.25 billion. Sandvik AB (publ) had a net margin of 9.92% and a return on equity of 16.07%. Equities analysts predict that Sandvik AB will post 1.27 EPS for the current year.

Institutional Investors Weigh In On Sandvik AB (publ)

A hedge fund recently raised its stake in Sandvik AB (publ) stock. Rhumbline Advisers lifted its position in Sandvik AB (publ) (OTCMKTS:SDVKY - Free Report) by 12.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 32,707 shares of the industrial products company's stock after acquiring an additional 3,607 shares during the quarter. Rhumbline Advisers' holdings in Sandvik AB (publ) were worth $585,000 as of its most recent SEC filing. Institutional investors and hedge funds own 0.74% of the company's stock.

Sandvik AB (publ) Company Profile

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.