Sandvik AB (OTCMKTS:SDVKY) Given Average Rating of “Hold” by Analysts

Shares of Sandvik AB (OTCMKTS:SDVKY) have been given an average rating of “Hold” by the twelve brokerages that are currently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company.

Several brokerages recently issued reports on SDVKY. Nordea Equity Research raised Sandvik to a “hold” rating in a research report on Wednesday, April 15th. Kepler Capital Markets downgraded Sandvik from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 15th. Citigroup lowered Sandvik from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 13th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Sandvik in a report on Thursday, June 18th. Finally, The Goldman Sachs Group reaffirmed a “sell” rating on shares of Sandvik in a research report on Thursday, April 9th.

Sandvik Stock Performance

Shares of SDVKY opened at $37.36 on Friday. The company has a current ratio of 1.64, a quick ratio of 1.06 and a debt-to-equity ratio of 0.31. The firm has a market cap of $46.86 billion, a PE ratio of 25.77, a P/E/G ratio of 1.07 and a beta of 1.50. Sandvik has a 12 month low of $23.96 and a 12 month high of $44.53. The stock has a fifty day moving average price of $39.50 and a 200-day moving average price of $39.96.

Institutional Investors Weigh In On Sandvik

An institutional investor recently raised its stake in Sandvik stock. GAMMA Investing LLC increased its stake in shares of Sandvik AB (OTCMKTS:SDVKY) by 6.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,489 shares of the industrial products company’s stock after buying an additional 616 shares during the quarter. GAMMA Investing LLC’s holdings in Sandvik were worth $432,000 as of its most recent SEC filing. 0.74% of the stock is currently owned by institutional investors and hedge funds.

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.