Sandvik AB (publ) (OTCMKTS:SDVKY) Lowered to “Sell” at UBS Group

UBS Group downgraded shares of Sandvik AB (publ) (OTCMKTS:SDVKY) from a neutral rating to a sell rating in a research note released on Wednesday, MarketBeat reports.

SDVKY has been the subject of several other research reports. 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 shares of Sandvik AB (publ) to a “strong-buy” rating in a report on Tuesday, October 15th.

Sandvik AB (publ) Stock Performance

Shares of SDVKY stock opened at $19.80 on Wednesday. The company has a current ratio of 1.58, a quick ratio of 0.85 and a debt-to-equity ratio of 0.45. The company has a market cap of $24.84 billion, a PE ratio of 20.41, a P/E/G ratio of 3.00 and a beta of 1.49. The company’s fifty day simple moving average is $20.81 and its 200-day simple moving average is $20.83. Sandvik AB has a 52 week low of $16.47 and a 52 week high of $23.50.

Sandvik AB (publ) (OTCMKTS:SDVKY) last released its quarterly earnings data on Monday, October 21st. The industrial products company reported $0.28 EPS for the quarter, missing the consensus estimate of $0.30 by ($0.02). Sandvik AB (publ) had a net margin of 10.36% and a return on equity of 16.82%. The company had revenue of $2.91 billion during the quarter. As a group, equities research analysts anticipate that Sandvik AB will post 1.26 EPS for the current year.

Hedge Funds Weigh In On Sandvik AB (publ)

A hedge fund recently raised its stake in Sandvik AB (publ) stock. Rhumbline Advisers increased its position in Sandvik AB (publ) (OTCMKTS:SDVKY) by 11.3% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 27,045 shares of the industrial products company’s stock after purchasing an additional 2,750 shares during the period. Rhumbline Advisers’ holdings in Sandvik AB (publ) were worth $543,000 at the end of the most recent reporting period. 0.74% of the stock is currently owned by hedge funds and other institutional investors.

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.