Sandvik AB (publ) (OTCMKTS:SDVKY) Lifted to Buy at DNB Markets

DNB Markets upgraded shares of Sandvik AB (publ) (OTCMKTS:SDVKY) from a hold rating to a buy rating in a research report report published on Thursday morning, Marketbeat reports.

Sandvik AB (publ) Stock Performance

Shares of SDVKY stock opened at $20.45 on Thursday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.83 and a current ratio of 1.62. The company has a market capitalization of $25.65 billion, a P/E ratio of 21.30, a price-to-earnings-growth ratio of 2.30 and a beta of 1.54. The company’s 50 day moving average price is $21.50 and its two-hundred day moving average price is $21.48. Sandvik AB has a 52 week low of $16.31 and a 52 week high of $23.50.

Sandvik AB (publ) (OTCMKTS:SDVKY) last announced its earnings results on Monday, April 22nd. The industrial products company reported $0.25 EPS for the quarter, topping the consensus estimate of $0.09 by $0.16. The firm had revenue of $2.79 billion for the quarter. Sandvik AB (publ) had a net margin of 10.18% and a return on equity of 17.16%. On average, analysts expect that Sandvik AB will post 1.24 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Sandvik AB (publ)

A hedge fund recently bought a new stake in Sandvik AB (publ) stock. GAMMA Investing LLC bought a new stake in Sandvik AB (publ) (OTCMKTS:SDVKY) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 2,939 shares of the industrial products company’s stock, valued at approximately $61,000. 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.