Sandvik AB (OTCMKTS:SDVKY) Receives Average Recommendation of “Hold” from Analysts

Shares of Sandvik AB (OTCMKTS:SDVKY) have been given an average recommendation of “Hold” by the twelve brokerages that are currently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, seven have issued a hold recommendation, three have assigned a buy recommendation and one has given a strong buy recommendation to the company.

Several equities analysts have weighed in on the company. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Sandvik in a report on Thursday, June 18th. Kepler Capital Markets downgraded Sandvik from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 15th. Finally, Zacks Research lowered shares of Sandvik from a “strong-buy” rating to a “hold” rating in a report on Monday, June 22nd.

Hedge Funds Weigh In On 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% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 10,489 shares of the industrial products company’s stock after buying an additional 616 shares during the period. GAMMA Investing LLC’s holdings in Sandvik were worth $432,000 at the end of the most recent reporting period. 0.74% of the stock is currently owned by institutional investors.

Sandvik Trading Up 2.4%

Shares of SDVKY stock opened at $41.72 on Wednesday. The company has a current ratio of 1.64, a quick ratio of 0.84 and a debt-to-equity ratio of 0.31. The stock has a market capitalization of $52.33 billion, a price-to-earnings ratio of 28.77, a price-to-earnings-growth ratio of 1.17 and a beta of 1.51. Sandvik has a 12-month low of $24.89 and a 12-month high of $44.53. The stock’s 50-day moving average price is $38.89 and its 200-day moving average price is $40.11.

About Sandvik

Sandvik (OTCMKTS: SDVKY) is a global engineering group headquartered in Sandviken, Sweden, with roots dating back to 1862 when it was founded by Göran Fredrik Göransson. The company designs, manufactures and services advanced products and solutions for the mining and construction industries, metalworking and material technology markets. Sandvik serves customers worldwide with a broad portfolio of industrial products, equipment and aftermarket services.

Sandvik’s core activities span three broad areas: metal-cutting and machining solutions, mining and rock excavation equipment, and specialty materials and components.