Sandvik AB (publ) (OTCMKTS:SDVKY) Cut to "Sell" at UBS Group

UBS Group cut shares of Sandvik AB (publ) (OTCMKTS:SDVKY - Free Report) from a neutral rating to a sell rating in a research report sent to investors on Wednesday morning, MarketBeat.com reports.

Other equities analysts have also issued reports about the stock. Barclays raised shares of Sandvik AB (publ) from a "strong sell" rating to a "strong-buy" rating in a research report on Wednesday, October 9th. Citigroup raised Sandvik AB (publ) to a "strong-buy" rating in a research report on Tuesday, October 15th.

Sandvik AB (publ) Trading Down 1.3 %

SDVKY traded down $0.26 during trading hours on Wednesday, reaching $19.80. 233,219 shares of the company's stock traded hands, compared to its average volume of 106,176. The firm has a 50-day moving average price of $20.81 and a 200 day moving average price of $20.83. The firm has a market capitalization of $24.84 billion, a PE ratio of 20.41, a PEG ratio of 3.00 and a beta of 1.49. The company has a quick ratio of 0.85, a current ratio of 1.58 and a debt-to-equity ratio of 0.45. Sandvik AB has a 52-week low of $16.47 and a 52-week high of $23.50.

Sandvik AB (publ) (OTCMKTS:SDVKY - Get Free Report) last issued its earnings results on Monday, October 21st. The industrial products company reported $0.28 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 10.36% and a return on equity of 16.82%. As a group, sell-side analysts predict that Sandvik AB will post 1.26 EPS for the current fiscal year.

Institutional Investors Weigh In On Sandvik AB (publ)

A hedge fund recently raised its stake in Sandvik AB (publ) stock. GAMMA Investing LLC boosted its stake in shares of Sandvik AB (publ) (OTCMKTS:SDVKY - Free Report) by 14.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,425 shares of the industrial products company's stock after buying an additional 564 shares during the period. GAMMA Investing LLC's holdings in Sandvik AB (publ) were worth $99,000 as of its most recent filing with the Securities & Exchange Commission. Hedge funds and other 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.