Zacks Investment Research Upgrades Sandvik AB (SDVKY) to “Hold”
Sandvik AB (NASDAQ:SDVKY) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Wednesday.
According to Zacks, “Sandvik is a high-technology, engineering group with advanced products and a world-leading position within selected areas. Worldwide business activities are conducted through representation in 130 countries. “
Sandvik AB (NASDAQ:SDVKY) opened at 10.832 on Wednesday. Sandvik AB has a 52-week low of $7.42 and a 52-week high of $11.41. The firm has a market cap of $13.59 billion and a P/E ratio of 37.223. The firm’s 50-day moving average price is $10.95 and its 200-day moving average price is $10.38.
Sandvik AB Company Profile
Sandvik AB is an engineering company engaged in tooling, materials technology, mining and construction. The Company is the parent company of the Sandvik Group. The Company has five business areas, including Sandvik Machining Solutions, Sandvik Mining, Sandvik Materials Technology, Sandvik Construction and Sandvik Venture.
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