Sandvik AB (OTCMKTS:SDVKY) Short Interest Update

Sandvik AB (OTCMKTS:SDVKY) was the recipient of a significant decrease in short interest during the month of February. As of February 13th, there was short interest totaling 9,108 shares, a decrease of 74.4% from the January 29th total of 35,647 shares. Based on an average daily volume of 273,522 shares, the short-interest ratio is presently 0.0 days. Currently, 0.0% of the company’s stock are sold short. Currently, 0.0% of the company’s stock are sold short. Based on an average daily volume of 273,522 shares, the short-interest ratio is presently 0.0 days.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the company. Barclays reiterated an “overweight” rating on shares of Sandvik in a research note on Wednesday. Zacks Research lowered shares of Sandvik from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 16th. Citigroup reissued a “buy” rating on shares of Sandvik in a research report on Monday, January 12th. Jefferies Financial Group cut shares of Sandvik from a “strong-buy” rating to a “hold” rating in a report on Sunday, January 25th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Sandvik in a report on Monday, December 8th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy”.

Hedge Funds Weigh In On Sandvik

A hedge fund recently raised its stake in Sandvik stock. Salomon & Ludwin LLC raised its holdings in Sandvik AB (OTCMKTS:SDVKY) by 3,795.5% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 857 shares of the industrial products company’s stock after purchasing an additional 835 shares during the period. Salomon & Ludwin LLC’s holdings in Sandvik were worth $25,000 at the end of the most recent quarter. 0.74% of the stock is owned by hedge funds and other institutional investors.

Sandvik Trading Up 1.7%

Shares of SDVKY stock opened at $44.19 on Thursday. Sandvik has a 12-month low of $16.94 and a 12-month high of $44.21. The company has a market capitalization of $55.43 billion, a PE ratio of 36.52, a price-to-earnings-growth ratio of 1.86 and a beta of 1.51. The firm has a 50 day moving average price of $37.43 and a two-hundred day moving average price of $31.59. The company has a quick ratio of 1.02, a current ratio of 1.94 and a debt-to-equity ratio of 0.38.

Sandvik (OTCMKTS:SDVKY) last announced its earnings results on Tuesday, January 27th. The industrial products company reported $0.36 earnings per share for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.01). The firm had revenue of $3.64 billion for the quarter, compared to the consensus estimate of $3.38 billion. Sandvik had a return on equity of 16.94% and a net margin of 12.16%. As a group, analysts predict that Sandvik will post 1.27 earnings per share for the current year.

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.