Sandvik AB (OTCMKTS:SDVKY) Receives Consensus Rating of “Hold” from Brokerages

Shares of Sandvik AB (OTCMKTS:SDVKY) have been given a consensus rating of “Hold” by the thirteen analysts that are covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company.

A number of research firms have weighed in on SDVKY. Berenberg Bank raised shares of Sandvik to a “hold” rating in a research note on Thursday, August 27th. Zacks Research cut shares of Sandvik from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 22nd. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Sandvik in a report on Thursday, June 18th. Finally, Kepler Capital Markets lowered Sandvik from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 15th.

Hedge Funds Weigh In On Sandvik

An institutional investor recently raised its position in Sandvik stock. GAMMA Investing LLC grew its holdings in shares of Sandvik AB (OTCMKTS:SDVKY) by 6.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,489 shares of the industrial products company’s stock after buying an additional 616 shares during the quarter. GAMMA Investing LLC’s holdings in Sandvik were worth $432,000 at the end of the most recent quarter. Institutional investors own 0.74% of the company’s stock.

Sandvik Stock Down 2.4%

Shares of OTCMKTS:SDVKY opened at $37.76 on Friday. The company has a current ratio of 1.64, a quick ratio of 0.84 and a debt-to-equity ratio of 0.31. The firm has a market cap of $47.37 billion, a price-to-earnings ratio of 26.04, a PEG ratio of 1.08 and a beta of 1.52. The stock’s 50-day moving average price is $38.39 and its two-hundred day moving average price is $39.66. Sandvik has a 12-month low of $27.14 and a 12-month high of $44.53.

About Sandvik

Sandvik AB is a Sweden-based global engineering group founded in 1862 and headquartered in Stockholm, Sweden. The company develops and manufactures equipment, tools, software and services for industries including mining, construction, manufacturing and infrastructure.

Sandvik’s business activities include mining and rock excavation equipment, drilling systems, underground and surface mining machinery, rock-processing equipment, and related automation and digital solutions. The company also produces metal-cutting tools, tooling systems and other industrial solutions designed to support machining and advanced manufacturing operations.

Sandvik serves customers through operations and sales networks across Europe, North America, South America, Asia, Africa and Australia.