Shares of Sandvik AB (publ) (OTCMKTS:SDVKY – Get Free Report) reached a new 52-week low during trading on Wednesday . The stock traded as low as $18.09 and last traded at $18.25, with a volume of 256187 shares. The stock had previously closed at $18.54.
Analyst Upgrades and Downgrades
A number of equities analysts have commented on SDVKY shares. Barclays upgraded shares of Sandvik AB (publ) from a “strong sell” rating to a “strong-buy” rating in a research note on Wednesday, October 9th. UBS Group downgraded Sandvik AB (publ) from a “neutral” rating to a “sell” rating in a report on Wednesday, October 23rd. Finally, Citigroup upgraded Sandvik AB (publ) to a “strong-buy” rating in a report on Tuesday, October 15th.
View Our Latest Stock Analysis on SDVKY
Sandvik AB (publ) Price Performance
Sandvik AB (publ) (OTCMKTS:SDVKY – Get Free Report) last announced its earnings results 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). The company had revenue of $2.91 billion for the quarter. Sandvik AB (publ) had a net margin of 9.93% and a return on equity of 16.56%. On average, equities analysts expect that Sandvik AB will post 1.23 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Sandvik AB (publ)
An institutional investor recently raised its position in Sandvik AB (publ) stock. GAMMA Investing LLC increased its position in shares of Sandvik AB (publ) (OTCMKTS:SDVKY – Free Report) by 14.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor 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 SEC filing. 0.74% of the stock is owned by institutional investors and hedge funds.
About Sandvik AB (publ)
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.
Featured Articles
- Five stocks we like better than Sandvik AB (publ)
- Why Invest in High-Yield Dividend Stocks?
- Rocket Lab is the Right Stock for the Right Time
- Why Invest in 5G? How to Invest in 5G Stocks
- SoundHound AI Will Advance By Triple Digits in 2025: Here’s Why
- What Do S&P 500 Stocks Tell Investors About the Market?
- Celsius Holdings: Big Drop, Big Opportunity? Analysts Say Yes
Receive News & Ratings for Sandvik AB (publ) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sandvik AB (publ) and related companies with MarketBeat.com's FREE daily email newsletter.