Sandvik AB (OTCMKTS:SDVKY) Given Average Rating of “Hold” by Analysts

Shares of Sandvik AB (OTCMKTS:SDVKY) have received a consensus recommendation of “Hold” from the thirteen research firms that are presently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, three have issued a buy rating and one has issued a strong buy rating on the company.

A number of equities analysts have weighed in on the company. Berenberg Bank upgraded Sandvik to a “hold” rating in a research note on Thursday, August 27th. Zacks Research lowered Sandvik from a “strong-buy” rating to a “hold” rating in a report on Monday, June 22nd. Kepler Capital Markets cut shares of Sandvik from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 15th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Sandvik in a research note on Thursday, June 18th.

Institutional Trading of Sandvik

A hedge fund recently raised its position in Sandvik stock. GAMMA Investing LLC lifted its holdings in Sandvik AB (OTCMKTS:SDVKY) by 6.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,489 shares of the industrial products company’s stock after purchasing an additional 616 shares during the quarter. GAMMA Investing LLC’s holdings in Sandvik were worth $432,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 0.74% of the stock is currently owned by institutional investors.

Sandvik Stock Performance

OTCMKTS:SDVKY opened at $39.36 on Friday. The company has a market capitalization of $49.37 billion, a P/E ratio of 27.14, a P/E/G ratio of 1.06 and a beta of 1.52. The business has a fifty day simple moving average of $38.43 and a two-hundred day simple moving average of $39.69. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.64 and a quick ratio of 0.84. Sandvik has a 1 year low of $27.14 and a 1 year high of $44.53.

About Sandvik

Sandvik AB is a Sweden-based global engineering group founded in 1862 and headquartered in Stockholm, Sweden. The company develops and manufactures equipment, tools, software and services for industries including mining, construction, manufacturing and infrastructure.

Sandvik’s business activities include mining and rock excavation equipment, drilling systems, underground and surface mining machinery, rock-processing equipment, and related automation and digital solutions. The company also produces metal-cutting tools, tooling systems and other industrial solutions designed to support machining and advanced manufacturing operations.

Sandvik serves customers through operations and sales networks across Europe, North America, South America, Asia, Africa and Australia.