Stevanato Group (NYSE:STVN) Trading Up 1% – Here’s Why

Stevanato Group S.p.A. (NYSE:STVN) rose 1% on Monday . The stock traded as high as €19.94 ($20.99) and last traded at €19.85 ($20.89). Approximately 79,507 shares traded hands during trading, a decline of 84% from the average daily volume of 510,434 shares. The stock had previously closed at €19.65 ($20.68).

Analyst Ratings Changes

Separately, Citigroup decreased their target price on Stevanato Group from $30.00 to $28.00 and set a “buy” rating for the company in a research report on Wednesday, August 7th.

Stevanato Group Stock Performance

The company has a debt-to-equity ratio of 0.22, a current ratio of 1.81 and a quick ratio of 1.21. The firm’s 50-day moving average price is €19.47 and its 200-day moving average price is €19.63.

Stevanato Group (NYSE:STVN) last posted its earnings results on Tuesday, November 5th. The company reported €0.12 ($0.13) earnings per share (EPS) for the quarter, missing the consensus estimate of €0.13 ($0.14) by (€0.01) (($0.01)). Stevanato Group had a return on equity of 9.86% and a net margin of 10.47%. The company had revenue of €277.90 million for the quarter, compared to analysts’ expectations of €274.36 million. During the same quarter in the prior year, the company earned $0.16 EPS. The company’s revenue was up 2.4% on a year-over-year basis. Research analysts predict that Stevanato Group S.p.A. will post 0.5 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Stevanato Group

Hedge funds have recently bought and sold shares of the stock. nVerses Capital LLC bought a new position in shares of Stevanato Group during the third quarter valued at about $84,000. Hilltop National Bank grew its holdings in shares of Stevanato Group by 34.3% in the second quarter. Hilltop National Bank now owns 4,395 shares of the company’s stock worth $81,000 after purchasing an additional 1,122 shares during the last quarter. Harbor Capital Advisors Inc. increased its stake in shares of Stevanato Group by 109.1% in the second quarter. Harbor Capital Advisors Inc. now owns 8,867 shares of the company’s stock worth $163,000 after buying an additional 4,626 shares during the period. Raymond James Trust N.A. raised its holdings in Stevanato Group by 18.7% during the 2nd quarter. Raymond James Trust N.A. now owns 10,239 shares of the company’s stock valued at $188,000 after buying an additional 1,613 shares during the last quarter. Finally, Hardy Reed LLC boosted its position in Stevanato Group by 8.2% during the 3rd quarter. Hardy Reed LLC now owns 11,077 shares of the company’s stock valued at $222,000 after buying an additional 840 shares during the period.

Stevanato Group Company Profile

Stevanato Group S.p.A. engages in the design, production, and distribution of products and processes to provide integrated solutions for bio-pharma and healthcare industries in Europe, the Middle East, Africa, North America, South America, and the Asia Pacific. The company operates in two segments, Biopharmaceutical and Diagnostic Solutions; and Engineering.