Sandvik (OTCMKTS:SDVKY) Sees Large Volume Increase – Should You Buy?

Shares of Sandvik AB (OTCMKTS:SDVKY) saw unusually-strong trading volume on Thursday . Approximately 312,299 shares were traded during mid-day trading, an increase of 37% from the previous session’s volume of 227,544 shares.The stock last traded at $35.70 and had previously closed at $34.95.

Analyst Ratings Changes

SDVKY has been the topic of several analyst reports. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Sandvik in a research note on Monday, December 8th. Barclays restated an “overweight” rating on shares of Sandvik in a research report on Wednesday, December 3rd. Royal Bank Of Canada reiterated an “outperform” rating on shares of Sandvik in a research report on Wednesday, October 22nd. Zacks Research raised Sandvik from a “hold” rating to a “strong-buy” rating in a report on Monday, December 22nd. Finally, Rothschild Redb upgraded shares of Sandvik from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 21st. Two investment analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, Sandvik presently has an average rating of “Buy”.

Sandvik Trading Up 0.1%

The stock has a market capitalization of $44.49 billion, a P/E ratio of 30.36, a price-to-earnings-growth ratio of 1.25 and a beta of 1.50. The business has a 50 day simple moving average of $31.79 and a 200-day simple moving average of $28.38. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.90 and a current ratio of 1.78.

Sandvik (OTCMKTS:SDVKY) last announced its quarterly earnings data on Monday, October 20th. The industrial products company reported $0.30 earnings per share for the quarter, missing the consensus estimate of $0.32 by ($0.02). The firm had revenue of $3.10 billion during the quarter, compared to analyst estimates of $29.69 billion. Sandvik had a net margin of 12.24% and a return on equity of 16.30%. On average, analysts predict that Sandvik AB will post 1.27 EPS for the current year.

Institutional Trading of Sandvik

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Salomon & Ludwin LLC lifted its stake in Sandvik by 3,795.5% during the third quarter. Salomon & Ludwin LLC now owns 857 shares of the industrial products company’s stock valued at $25,000 after purchasing an additional 835 shares during the last quarter. GAMMA Investing LLC boosted its stake in shares of Sandvik by 24.8% during the 3rd quarter. GAMMA Investing LLC now owns 7,406 shares of the industrial products company’s stock worth $208,000 after acquiring an additional 1,473 shares in the last quarter. Yousif Capital Management LLC grew its holdings in shares of Sandvik by 15.9% in the 2nd quarter. Yousif Capital Management LLC now owns 22,037 shares of the industrial products company’s stock worth $502,000 after acquiring an additional 3,030 shares during the last quarter. Finally, Rhumbline Advisers raised its position in shares of Sandvik by 13.9% during the first quarter. Rhumbline Advisers now owns 37,269 shares of the industrial products company’s stock worth $788,000 after purchasing an additional 4,562 shares during the period. 0.74% of the stock is currently owned by institutional investors.

Sandvik Company Profile

Sandvik (OTCMKTS: SDVKY) is a global engineering group headquartered in Sandviken, Sweden, with roots dating back to 1862 when it was founded by Göran Fredrik Göransson. The company designs, manufactures and services advanced products and solutions for the mining and construction industries, metalworking and material technology markets. Sandvik serves customers worldwide with a broad portfolio of industrial products, equipment and aftermarket services.

Sandvik’s core activities span three broad areas: metal-cutting and machining solutions, mining and rock excavation equipment, and specialty materials and components.