Sandvik (OTCMKTS:SDVKY) Reaches New 52-Week High – Should You Buy?

Sandvik AB (OTCMKTS:SDVKY)’s share price reached a new 52-week high during trading on Thursday . The stock traded as high as $31.92 and last traded at $31.8150, with a volume of 4041 shares changing hands. The stock had previously closed at $30.49.

Analyst Upgrades and Downgrades

SDVKY has been the subject of several research reports. Royal Bank Of Canada reissued an “outperform” rating on shares of Sandvik in a report on Wednesday, October 22nd. Barclays reiterated an “overweight” rating on shares of Sandvik in a research note on Wednesday, December 3rd. Rothschild Redb upgraded Sandvik from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 21st. Pareto Securities downgraded shares of Sandvik from a “buy” rating to a “hold” rating in a report on Sunday, October 5th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Sandvik in a research note on Monday, December 8th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy”.

Sandvik Trading Up 4.0%

The firm’s 50-day simple moving average is $30.12 and its 200-day simple moving average is $26.71. The firm has a market capitalization of $39.78 billion, a P/E ratio of 27.10, a price-to-earnings-growth ratio of 1.63 and a beta of 1.52. The company has a quick ratio of 0.90, a current ratio of 1.78 and a debt-to-equity ratio of 0.40.

Sandvik (OTCMKTS:SDVKY) last issued its earnings results on Monday, October 20th. The industrial products company reported $0.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.32 by ($0.02). The firm had revenue of $3.10 billion during the quarter, compared to analysts’ expectations of $29.69 billion. Sandvik had a return on equity of 16.30% and a net margin of 12.24%. Analysts anticipate that Sandvik AB will post 1.27 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of SDVKY. Salomon & Ludwin LLC raised its stake in shares of Sandvik by 3,795.5% in the third quarter. Salomon & Ludwin LLC now owns 857 shares of the industrial products company’s stock worth $25,000 after purchasing an additional 835 shares during the last quarter. GAMMA Investing LLC boosted its holdings in shares of Sandvik by 24.8% during the 3rd quarter. GAMMA Investing LLC now owns 7,406 shares of the industrial products company’s stock valued at $208,000 after purchasing an additional 1,473 shares during the last quarter. Yousif Capital Management LLC raised its holdings in shares of Sandvik by 15.9% during the 2nd quarter. Yousif Capital Management LLC now owns 22,037 shares of the industrial products company’s stock worth $502,000 after acquiring an additional 3,030 shares in the last quarter. Finally, Rhumbline Advisers lifted its stake in shares of Sandvik by 13.9% in the 1st quarter. Rhumbline Advisers now owns 37,269 shares of the industrial products company’s stock valued at $788,000 after purchasing an additional 4,562 shares during the last quarter. 0.74% of the stock is currently owned by institutional investors.

Sandvik Company Profile

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.