Sandvik AB (publ) (OTCMKTS:SDVKY) Shares Down 0.1% - Time to Sell?

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

Sandvik AB (publ) Stock Performance

The firm has a 50 day moving average of $20.70 and a two-hundred day moving average of $20.40. 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 stock has a market cap of $27.92 billion, a PE ratio of 23.93, a PEG ratio of 1.00 and a beta of 1.55.

Sandvik AB (publ) (OTCMKTS:SDVKY - Get Free Report) last issued its quarterly earnings data 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 analysts' expectations of $30.25 billion. Sandvik AB (publ) had a return on equity of 16.07% and a net margin of 9.92%. Research analysts predict that Sandvik AB will post 1.27 EPS for the current fiscal year.

Institutional Trading of Sandvik AB (publ)

A hedge fund recently raised its stake in Sandvik AB (publ) stock. GAMMA Investing LLC grew its position in Sandvik AB (publ) (OTCMKTS:SDVKY - Free Report) by 88.9% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,546 shares of the industrial products company's stock after acquiring an additional 2,610 shares during the quarter. GAMMA Investing LLC's holdings in Sandvik AB (publ) were worth $117,000 at the end of the most recent reporting period. 0.74% of the stock is currently owned by hedge funds and other institutional investors.

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.