Sandvik AB (publ) (OTCMKTS:SDVKY) Shares Pass Below 50-Day Moving Average - Should You Sell?

Sandvik AB (publ) (OTCMKTS:SDVKY - Get Free Report)'s share price crossed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $21.86 and traded as low as $18.12. Sandvik AB (publ) shares last traded at $18.17, with a volume of 90,672 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Sanford C. Bernstein raised shares of Sandvik AB (publ) from an "underperform" rating to a "market perform" rating in a research report on Monday, January 6th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, one has issued a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy".

Sandvik AB (publ) Trading Up 12.5 %

The company has a market capitalization of $24.23 billion, a PE ratio of 20.77, a P/E/G ratio of 1.00 and a beta of 1.48. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.94 and a current ratio of 1.79. The business has a fifty day moving average price of $21.58 and a 200 day moving average price of $20.21.

Sandvik AB (publ) (OTCMKTS:SDVKY - Get Free Report) last posted its quarterly earnings results on Thursday, January 23rd. The industrial products company reported $0.30 EPS for the quarter, meeting the consensus estimate of $0.30. Sandvik AB (publ) had a net margin of 9.92% and a return on equity of 16.07%. Analysts expect that Sandvik AB will post 1.27 EPS for the current fiscal year.

Institutional Trading of Sandvik AB (publ)

A hedge fund recently raised its stake in Sandvik AB (publ) stock. GAMMA Investing LLC increased its stake in Sandvik AB (publ) (OTCMKTS:SDVKY - Free Report) by 3,893.3% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 117,242 shares of the industrial products company's stock after buying an additional 114,306 shares during the quarter. GAMMA Investing LLC's holdings in Sandvik AB (publ) were worth $2,478,000 as of its most recent filing with the SEC. Institutional investors and hedge funds own 0.74% of the company's stock.

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.