Sandvik AB (publ) (OTCMKTS:SDVKY) Sets New 52-Week Low – Should You Sell?

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

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the stock. UBS Group cut shares of Sandvik AB (publ) from a “neutral” rating to a “sell” rating in a research report on Wednesday, October 23rd. Barclays raised shares of Sandvik AB (publ) from a “strong sell” rating to a “strong-buy” rating in a research note on Wednesday, October 9th. Finally, Citigroup raised Sandvik AB (publ) to a “strong-buy” rating in a research note on Tuesday, October 15th.

Sandvik AB (publ) Stock Down 3.2 %

The company’s fifty day simple moving average is $19.38 and its 200 day simple moving average is $20.14. The company has a current ratio of 1.63, a quick ratio of 0.85 and a debt-to-equity ratio of 0.45. The firm has a market capitalization of $22.68 billion, a P/E ratio of 19.44, a price-to-earnings-growth ratio of 3.25 and a beta of 1.46.

Sandvik AB (publ) (OTCMKTS:SDVKY) last issued its quarterly earnings data on Monday, October 21st. The industrial products company reported $0.28 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 company had revenue of $2.91 billion during the quarter. Research analysts expect that Sandvik AB will post 1.02 EPS for the current year.

Institutional Investors Weigh In On Sandvik AB (publ)

A hedge fund recently raised its stake in Sandvik AB (publ) stock. Rhumbline Advisers increased its holdings in Sandvik AB (publ) (OTCMKTS:SDVKY) by 11.3% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 27,045 shares of the industrial products company’s stock after acquiring an additional 2,750 shares during the quarter. Rhumbline Advisers’ holdings in Sandvik AB (publ) were worth $543,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 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.