Sandvik (OTCMKTS:SDVKY) Reaches New 12-Month High - Here's Why

Shares of Sandvik AB (OTCMKTS:SDVKY - Get Free Report) reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $24.54 and last traded at $24.54, with a volume of 4651 shares traded. The stock had previously closed at $24.29.

Analyst Ratings Changes

Several brokerages recently weighed in on SDVKY. Barclays reissued an "overweight" rating on shares of Sandvik in a research note on Thursday, July 10th. Deutsche Bank Aktiengesellschaft restated a "buy" rating on shares of Sandvik in a research report on Wednesday, June 25th. One investment analyst has rated the stock with a sell rating, one has given a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Sandvik presently has a consensus rating of "Moderate Buy".

Sandvik Trading Up 1.5%

The company has a market cap of $30.93 billion, a PE ratio of 22.22, a price-to-earnings-growth ratio of 1.51 and a beta of 1.51. 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 has a fifty day moving average of $22.48 and a two-hundred day moving average of $21.28.

Sandvik (OTCMKTS:SDVKY - Get Free Report) last announced its quarterly earnings results on Wednesday, July 16th. The industrial products company reported $0.31 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.31. The firm had revenue of $3.04 billion for the quarter, compared to the consensus estimate of $29.43 billion. Sandvik had a net margin of 11.95% and a return on equity of 16.64%. As a group, sell-side analysts predict that Sandvik AB will post 1.27 EPS for the current year.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Sandvik stock. GAMMA Investing LLC increased its position in Sandvik AB (OTCMKTS:SDVKY - Free Report) by 3,893.3% during the 1st 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 buying an additional 114,306 shares during the quarter. GAMMA Investing LLC's holdings in Sandvik were worth $2,478,000 as of its most recent filing with the Securities & Exchange Commission. 0.74% of the stock is owned by institutional investors.

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.

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