Sandvik (OTCMKTS:SDVKY) Reaches New 52-Week High - Should You Buy?

Sandvik AB (OTCMKTS:SDVKY - Get Free Report)'s share price hit a new 52-week high during trading on Tuesday . The company traded as high as $23.58 and last traded at $23.58, with a volume of 23326 shares traded. The stock had previously closed at $23.29.

Analyst Ratings Changes

Separately, Deutsche Bank Aktiengesellschaft reiterated a "buy" rating on shares of Sandvik in a research report on Wednesday, June 25th. One research analyst has rated the stock with a sell rating, one has given a hold rating, one has given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy".

Sandvik Stock Up 2.3%

The company has a quick ratio of 0.98, a current ratio of 1.85 and a debt-to-equity ratio of 0.42. The company has a fifty day simple moving average of $22.24 and a 200 day simple moving average of $21.12. The firm has a market capitalization of $30.76 billion, a P/E ratio of 22.09, a P/E/G ratio of 1.54 and a beta of 1.51.

Sandvik (OTCMKTS:SDVKY - Get Free Report) last released 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). Sandvik had a return on equity of 16.64% and a net margin of 11.95%. The company had revenue of $3 billion during the quarter, compared to the consensus estimate of $30.25 billion. On average, equities analysts expect that Sandvik AB will post 1.27 EPS for the current fiscal year.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Sandvik stock. GAMMA Investing LLC lifted its holdings in Sandvik AB (OTCMKTS:SDVKY - Free Report) by 88.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). 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 were worth $117,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors own 0.74% of the company's stock.

Sandvik 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.