Sandvik AB (publ) (OTCMKTS:SDVKY - Get Free Report) was the target of a significant increase in short interest in January. As of January 15th, there was short interest totalling 57,800 shares, an increase of 1,826.7% from the December 31st total of 3,000 shares. Based on an average trading volume of 253,100 shares, the short-interest ratio is presently 0.2 days.
A hedge fund recently raised its stake in Sandvik AB (publ) stock. GAMMA Investing LLC increased its stake in Sandvik AB (publ) (OTCMKTS:SDVKY - Free Report) by 14.6% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 4,425 shares of the industrial products company's stock after purchasing an additional 564 shares during the quarter. GAMMA Investing LLC's holdings in Sandvik AB (publ) were worth $99,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 0.74% of the company's stock.
SDVKY stock traded down $0.06 during mid-day trading on Wednesday, hitting $21.03. The stock had a trading volume of 20,529 shares, compared to its average volume of 117,090. The stock has a market capitalization of $26.38 billion, a price-to-earnings ratio of 22.61, a PEG ratio of 2.68 and a beta of 1.46. The company has a current ratio of 1.63, a quick ratio of 0.85 and a debt-to-equity ratio of 0.45. Sandvik AB has a 1-year low of $17.76 and a 1-year high of $23.50. The company has a fifty day moving average of $18.72 and a 200 day moving average of $19.72.
Sandvik AB (publ) (OTCMKTS:SDVKY - Get Free Report) last issued its quarterly earnings data on Thursday, January 23rd. The industrial products company reported $0.30 earnings per share for the quarter, meeting the consensus estimate of $0.30. Sandvik AB (publ) had a net margin of 9.93% and a return on equity of 16.52%. On average, equities analysts expect that Sandvik AB will post 0.99 EPS for the current fiscal year.
Several research analysts recently weighed in on the company. Barclays raised Sandvik AB (publ) from a "strong sell" rating to a "strong-buy" rating in a research report on Wednesday, October 9th. Sanford C. Bernstein raised shares of Sandvik AB (publ) from an "underperform" rating to a "market perform" rating in a research report on Monday, January 6th. Citigroup raised shares of Sandvik AB (publ) to a "strong-buy" rating in a research report on Tuesday, October 15th. Finally, UBS Group downgraded shares of Sandvik AB (publ) from a "neutral" rating to a "sell" rating in a research report on Wednesday, October 23rd. One investment analyst has rated the stock with a sell rating, one has given a hold rating, one has issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy".
Get Our Latest Stock Analysis on 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.
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.
Before you consider Sandvik AB (publ), you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Sandvik AB (publ) wasn't on the list.
While Sandvik AB (publ) currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.