Stevanato Group (NYSE:STVN) Trading Down 2.1% - What's Next?

Stevanato Group S.p.A. (NYSE:STVN - Get Free Report) shares dropped 2.1% during mid-day trading on Monday . The stock traded as low as €19.56 ($20.59) and last traded at €19.61 ($20.64). Approximately 78,887 shares were traded during mid-day trading, a decline of 84% from the average daily volume of 506,669 shares. The stock had previously closed at €20.03 ($21.08).

Analysts Set New Price Targets

Separately, Citigroup dropped their target price on shares of Stevanato Group from $30.00 to $28.00 and set a "buy" rating on the stock in a research report on Wednesday, August 7th.

Stevanato Group Trading Up 0.1 %

The firm has a fifty day moving average price of €19.49 and a 200-day moving average price of €19.60. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.81 and a quick ratio of 1.21. The company has a market capitalization of $5.93 billion, a P/E ratio of 41.98, a price-to-earnings-growth ratio of 9.01 and a beta of 0.58.

Stevanato Group (NYSE:STVN - Get Free Report) last posted its quarterly earnings results on Tuesday, November 5th. The company reported €0.12 ($0.13) EPS for the quarter, missing analysts' consensus estimates of €0.13 ($0.14) by (€0.01) (($0.01)). Stevanato Group had a return on equity of 9.86% and a net margin of 10.47%. The company had revenue of €277.90 million during the quarter, compared to the consensus estimate of €274.36 million. During the same period last year, the firm posted $0.16 EPS. The company's revenue for the quarter was up 2.4% compared to the same quarter last year. On average, equities research analysts anticipate that Stevanato Group S.p.A. will post 0.5 earnings per share for the current year.

Institutional Investors Weigh In On Stevanato Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in STVN. Thrivent Financial for Lutherans purchased a new position in Stevanato Group in the 2nd quarter valued at approximately $30,477,000. Pembroke Management LTD grew its position in shares of Stevanato Group by 143.7% in the third quarter. Pembroke Management LTD now owns 1,051,140 shares of the company's stock valued at $21,023,000 after purchasing an additional 619,747 shares in the last quarter. Tri Locum Partners LP bought a new stake in shares of Stevanato Group during the 2nd quarter valued at $10,370,000. Thornburg Investment Management Inc. lifted its holdings in Stevanato Group by 279.1% during the 2nd quarter. Thornburg Investment Management Inc. now owns 746,218 shares of the company's stock worth $13,690,000 after purchasing an additional 549,378 shares in the last quarter. Finally, Conestoga Capital Advisors LLC boosted its stake in Stevanato Group by 7.3% in the 2nd quarter. Conestoga Capital Advisors LLC now owns 7,275,823 shares of the company's stock worth $133,439,000 after purchasing an additional 496,930 shares during the period.

Stevanato Group Company Profile

Stevanato Group S.p.A. engages in the design, production, and distribution of products and processes to provide integrated solutions for bio-pharma and healthcare industries in Europe, the Middle East, Africa, North America, South America, and the Asia Pacific. The company operates in two segments, Biopharmaceutical and Diagnostic Solutions; and Engineering.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.