Stevanato Group (NYSE:STVN) Trading 0.5% Higher – Time to Buy?

Stevanato Group S.p.A. (NYSE:STVN) traded up 0.5% during trading on Friday . The company traded as high as €20.61 ($21.69) and last traded at €20.25 ($21.32). 21,874 shares changed hands during mid-day trading, a decline of 96% from the average session volume of 502,786 shares. The stock had previously closed at €20.14 ($21.20).

Analyst Ratings Changes

Separately, Morgan Stanley reaffirmed an “equal weight” rating and issued a $23.00 price objective (down from $24.00) on shares of Stevanato Group in a report on Tuesday, December 3rd.

Stevanato Group Stock Up 1.7 %

The business has a 50-day moving average price of €19.46 and a two-hundred day moving average price of €19.60. The company has a current ratio of 1.81, a quick ratio of 1.21 and a debt-to-equity ratio of 0.22.

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

Institutional Trading of Stevanato Group

A number of institutional investors have recently modified their holdings of STVN. Thrivent Financial for Lutherans bought a new stake in shares of Stevanato Group during the 2nd quarter valued at $30,477,000. Pembroke Management LTD lifted its position in shares of Stevanato Group by 143.7% during the 3rd quarter. Pembroke Management LTD now owns 1,051,140 shares of the company’s stock worth $21,023,000 after buying an additional 619,747 shares during the last quarter. Tri Locum Partners LP bought a new stake in shares of Stevanato Group during the 2nd quarter worth $10,370,000. Thornburg Investment Management Inc. lifted its position in shares of Stevanato Group by 279.1% during the 2nd quarter. Thornburg Investment Management Inc. now owns 746,218 shares of the company’s stock worth $13,690,000 after buying an additional 549,378 shares during the last quarter. Finally, Conestoga Capital Advisors LLC lifted its position in shares of Stevanato Group by 7.3% during the 2nd quarter. Conestoga Capital Advisors LLC now owns 7,275,823 shares of the company’s stock worth $133,439,000 after buying an additional 496,930 shares during the last quarter.

About Stevanato Group

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.