Sandvik AB (publ) (OTCMKTS:SDVKY) Reaches New 12-Month Low – Should You Sell?

Sandvik AB (publ) (OTCMKTS:SDVKY)’s share price reached a new 52-week low during trading on Wednesday . The stock traded as low as $18.08 and last traded at $18.08, with a volume of 68066 shares. The stock had previously closed at $18.67.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on SDVKY. UBS Group downgraded Sandvik AB (publ) from a “neutral” rating to a “sell” rating in a report on Wednesday, October 23rd. Barclays raised shares of Sandvik AB (publ) from a “strong sell” rating to a “strong-buy” rating in a report on Wednesday, October 9th. Finally, Citigroup upgraded Sandvik AB (publ) to a “strong-buy” rating in a research report on Tuesday, October 15th.

Sandvik AB (publ) Trading Down 0.1 %

The firm has a market capitalization of $22.59 billion, a PE ratio of 19.37, a P/E/G ratio of 3.25 and a beta of 1.46. The company’s fifty day simple moving average is $19.20 and its 200-day simple moving average is $20.08. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.63 and a quick ratio of 0.85.

Sandvik AB (publ) (OTCMKTS:SDVKY) last posted its quarterly earnings data on Monday, October 21st. The industrial products company reported $0.28 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.30 by ($0.02). Sandvik AB (publ) had a return on equity of 16.52% and a net margin of 9.93%. The firm had revenue of $2.91 billion during the quarter. As a group, sell-side analysts expect that Sandvik AB will post 1.02 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Sandvik AB (publ) stock. GAMMA Investing LLC increased its position in shares of Sandvik AB (publ) (OTCMKTS:SDVKY) by 14.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,425 shares of the industrial products company’s stock after acquiring an additional 564 shares during the quarter. GAMMA Investing LLC’s holdings in Sandvik AB (publ) were worth $99,000 as of its most recent filing with the Securities and Exchange Commission. Institutional investors own 0.74% of the company’s stock.

Sandvik AB (publ) 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.