Stevanato Group (NYSE:STVN) Hits New 52-Week Low – What’s Next?

Stevanato Group S.p.A. (NYSE:STVN)’s share price hit a new 52-week low on Thursday . The stock traded as low as €14.36 and last traded at €15.07, with a volume of 2093400 shares. The stock had previously closed at €14.94.

Analyst Ratings Changes

A number of equities analysts recently commented on STVN shares. Weiss Ratings reiterated a “hold (c)” rating on shares of Stevanato Group in a research report on Monday, December 29th. Morgan Stanley began coverage on Stevanato Group in a report on Monday, December 1st. They set an “equal weight” rating and a $24.00 price target on the stock. Finally, Wall Street Zen raised shares of Stevanato Group from a “hold” rating to a “buy” rating in a report on Friday, January 23rd. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy”.

Stevanato Group Price Performance

The stock has a 50-day simple moving average of €20.15 and a 200 day simple moving average of €22.95. The company has a market cap of $4.56 billion, a PE ratio of 26.44, a P/E/G ratio of 1.23 and a beta of 0.58. The company has a quick ratio of 1.30, a current ratio of 1.89 and a debt-to-equity ratio of 0.26.

Institutional Investors Weigh In On Stevanato Group

A number of institutional investors have recently made changes to their positions in the stock. Farther Finance Advisors LLC purchased a new stake in shares of Stevanato Group in the 3rd quarter valued at approximately $44,000. First Horizon Corp purchased a new stake in Stevanato Group in the third quarter valued at approximately $50,000. State of Wyoming lifted its stake in Stevanato Group by 39,216.7% during the second quarter. State of Wyoming now owns 2,359 shares of the company’s stock worth $58,000 after purchasing an additional 2,353 shares in the last quarter. Quantbot Technologies LP purchased a new position in shares of Stevanato Group during the third quarter worth $68,000. Finally, Van Berkom & Associates Inc. grew its stake in shares of Stevanato Group by 50.6% in the third quarter. Van Berkom & Associates Inc. now owns 3,615 shares of the company’s stock valued at $93,000 after buying an additional 1,215 shares in the last quarter.

Stevanato Group Company Profile

Stevanato Group is a global provider of primary packaging solutions and related services for the pharmaceutical and biotech industries. The company specializes in the design, development and manufacturing of glass drug containers such as vials, cartridges and pre-fillable syringes, as well as advanced inspection systems and assembly equipment. Its integrated offerings cover the entire packaging supply chain, from component production to bespoke filling lines and serialization technology.

In addition to its core glass business, Stevanato Group delivers engineering services and process validation support to pharmaceutical customers.