Sandvik AB (OTCMKTS:SDVKY - Get Free Report) reached a new 52-week high on Wednesday . The stock traded as high as $23.47 and last traded at $23.47, with a volume of 13636 shares. The stock had previously closed at $22.85.
Wall Street Analysts Forecast Growth
Separately, Deutsche Bank Aktiengesellschaft reaffirmed 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 assigned a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Sandvik presently has an average rating of "Moderate Buy".
Check Out Our Latest Stock Report on Sandvik
Sandvik Stock Up 2.7%
The stock has a market capitalization of $29.44 billion, a P/E ratio of 21.14, a P/E/G ratio of 1.63 and a beta of 1.52. The company has a current ratio of 1.85, a quick ratio of 0.98 and a debt-to-equity ratio of 0.42. The firm's fifty day moving average is $21.87 and its 200-day moving average is $20.88.
Sandvik (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 (EPS) for the quarter, missing the consensus estimate of $0.29 by ($0.01). Sandvik had a net margin of 11.95% and a return on equity of 16.64%. The business had revenue of $3 billion during the quarter, compared to the consensus estimate of $30.25 billion. As a group, equities research analysts predict that Sandvik AB will post 1.27 earnings per share for the current year.
Institutional Inflows and Outflows
An institutional investor recently raised its position in Sandvik stock. GAMMA Investing LLC increased its stake in shares of Sandvik AB (OTCMKTS:SDVKY - Free Report) by 3,893.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 117,242 shares of the industrial products company's stock after purchasing an additional 114,306 shares during the period. GAMMA Investing LLC's holdings in Sandvik were worth $2,478,000 as of its most recent SEC filing. 0.74% of the stock is owned by hedge funds and other institutional investors.
About Sandvik
(
Get Free Report)
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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