Stevanato Group (NYSE:STVN) Trading Down 1.4% – What’s Next?

Shares of Stevanato Group S.p.A. (NYSE:STVN) dropped 1.4% during trading on Tuesday . The stock traded as low as €19.47 ($20.49) and last traded at €19.64 ($20.67). Approximately 35,237 shares traded hands during mid-day trading, a decline of 93% from the average daily volume of 509,774 shares. The stock had previously closed at €19.92 ($20.97).

Analyst Upgrades and Downgrades

Separately, Citigroup cut their price objective 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 Down 0.2 %

The business has a 50-day moving average price of €19.47 and a 200 day moving average price of €19.63. 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 posted 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)). Stevanato Group had a return on equity of 9.86% and a net margin of 10.47%. The business had revenue of €277.90 million during the quarter, compared to the consensus estimate of €274.36 million. During the same quarter last year, the firm earned $0.16 earnings per share. The business’s quarterly revenue was up 2.4% on a year-over-year basis. On average, sell-side analysts expect that Stevanato Group S.p.A. will post 0.5 EPS for the current year.

Institutional Investors Weigh In On Stevanato Group

Institutional investors have recently modified their holdings of the stock. Hilltop National Bank raised its holdings in Stevanato Group by 34.3% during the 2nd quarter. Hilltop National Bank now owns 4,395 shares of the company’s stock valued at $81,000 after buying an additional 1,122 shares during the period. nVerses Capital LLC purchased a new stake in shares of Stevanato Group in the third quarter valued at $84,000. Harbor Capital Advisors Inc. lifted its holdings in shares of Stevanato Group by 109.1% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 8,867 shares of the company’s stock worth $163,000 after acquiring an additional 4,626 shares during the last quarter. Raymond James Trust N.A. lifted its holdings in shares of Stevanato Group by 18.7% in the 2nd quarter. Raymond James Trust N.A. now owns 10,239 shares of the company’s stock worth $188,000 after acquiring an additional 1,613 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. boosted its stake in shares of Stevanato Group by 59.2% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 11,941 shares of the company’s stock worth $219,000 after purchasing an additional 4,441 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.