Sandvik AB (publ) (OTCMKTS:SDVKY - Get Free Report) shares traded up 5% during mid-day trading on Monday . The stock traded as high as $22.53 and last traded at $22.26. 31,411 shares changed hands during trading, a decline of 62% from the average session volume of 82,292 shares. The stock had previously closed at $21.20.
Sandvik AB (publ) Stock Down 1.0%
The company has a quick ratio of 0.94, a current ratio of 1.79 and a debt-to-equity ratio of 0.42. The firm has a market cap of $27.82 billion, a PE ratio of 23.85, a P/E/G ratio of 1.00 and a beta of 1.55. The firm's 50 day moving average is $20.95 and its 200-day moving average is $20.16.
Sandvik AB (publ) (OTCMKTS:SDVKY - Get Free Report) last announced its quarterly earnings data on Wednesday, April 16th. The industrial products company reported $0.28 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.29 by ($0.01). The firm had revenue of $3 billion for the quarter, compared to analysts' expectations of $30.25 billion. Sandvik AB (publ) had a net margin of 9.92% and a return on equity of 16.07%. As a group, equities research analysts expect that Sandvik AB will post 1.27 earnings per share for the current fiscal year.
Hedge Funds 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 Sandvik AB (publ) (OTCMKTS:SDVKY - Free Report) by 88.9% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 5,546 shares of the industrial products company's stock after purchasing 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 quarter. Institutional investors own 0.74% of the company's stock.
About Sandvik AB (publ)
(
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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.
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