Sandvik AB (publ) (OTCMKTS:SDVKY) Shares Up 5% - What's Next?

Sandvik AB (publ) (OTCMKTS:SDVKY - Get Free Report) shares rose 5% on Monday . The stock traded as high as $22.53 and last traded at $22.26. Approximately 31,411 shares traded hands during mid-day trading, a decline of 62% from the average daily volume of 82,292 shares. The stock had previously closed at $21.20.

Sandvik AB (publ) Trading Up 1.9%

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 50 day moving average price is $20.98 and its 200-day moving average price is $20.13. The firm has a market cap of $28.11 billion, a price-to-earnings ratio of 24.10, a price-to-earnings-growth ratio of 1.00 and a beta of 1.55.

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

Institutional Investors Weigh In On Sandvik AB (publ)

An institutional investor recently raised its position in Sandvik AB (publ) stock. GAMMA Investing LLC raised its stake in shares of Sandvik AB (publ) (OTCMKTS:SDVKY - Free Report) by 3,893.3% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 117,242 shares of the industrial products company's stock after buying an additional 114,306 shares during the period. GAMMA Investing LLC's holdings in Sandvik AB (publ) were worth $2,478,000 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.