Stevanato Group (NYSE:STVN) Trading Down 5.8% – Should You Sell?

Stevanato Group S.p.A. (NYSE:STVN)’s stock price was down 5.8% during mid-day trading on Thursday . The stock traded as low as €18.37 ($19.34) and last traded at €18.92 ($19.92). Approximately 148,637 shares were traded during mid-day trading, a decline of 53% from the average daily volume of 318,198 shares. The stock had previously closed at €20.09 ($21.15).

Analyst Ratings Changes

Several research analysts have issued reports on STVN shares. Wolfe Research started coverage on Stevanato Group in a report on Friday, December 13th. They issued an “outperform” rating and a $28.00 price target on the stock. Bank of America increased their price target on Stevanato Group from $24.00 to $26.00 and gave the stock a “buy” rating in a report on Friday, December 13th. Finally, Morgan Stanley reissued an “equal weight” rating and issued a $23.00 price objective (down from $24.00) on shares of Stevanato Group in a research note on Tuesday, December 3rd. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of €28.60 ($30.11).

Stevanato Group Stock Up 2.2 %

The company has a quick ratio of 1.21, a current ratio of 1.81 and a debt-to-equity ratio of 0.22. The company has a market capitalization of $5.90 billion, a PE ratio of 41.47, a P/E/G ratio of 7.89 and a beta of 0.56. The stock has a 50-day moving average of €21.93 and a 200 day moving average of €20.52.

Institutional Investors Weigh In On Stevanato Group

Several large investors have recently added to or reduced their stakes in STVN. Johnson Financial Group Inc. purchased a new stake in Stevanato Group during the fourth quarter valued at about $41,000. Hancock Whitney Corp purchased a new position in shares of Stevanato Group in the fourth quarter worth about $239,000. Tower Research Capital LLC TRC increased its holdings in shares of Stevanato Group by 202.8% in the fourth quarter. Tower Research Capital LLC TRC now owns 7,413 shares of the company’s stock worth $162,000 after buying an additional 4,965 shares during the period. Advisors Capital Management LLC increased its holdings in shares of Stevanato Group by 1.0% in the fourth quarter. Advisors Capital Management LLC now owns 170,776 shares of the company’s stock worth $3,721,000 after buying an additional 1,735 shares during the period. Finally, Ranger Investment Management L.P. purchased a new position in shares of Stevanato Group in the fourth quarter worth about $12,940,000.

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.