Sandvik (OTCMKTS:SDVKY) Shares Gap Down – Time to Sell?

Shares of Sandvik AB (OTCMKTS:SDVKY) gapped down prior to trading on Wednesday . The stock had previously closed at $42.08, but opened at $39.36. Sandvik shares last traded at $39.28, with a volume of 4,171 shares trading hands.

Analyst Ratings Changes

Several brokerages recently commented on SDVKY. Nordea Equity Research raised shares of Sandvik to a “hold” rating in a research note on Wednesday, April 15th. Morgan Stanley cut shares of Sandvik from an “overweight” rating to an “equal weight” rating in a research report on Thursday, March 12th. Citigroup lowered shares of Sandvik from a “strong-buy” rating to a “hold” rating in a report on Monday, April 13th. The Goldman Sachs Group restated a “sell” rating on shares of Sandvik in a research report on Thursday, April 9th. Finally, Zacks Research lowered shares of Sandvik from a “strong-buy” rating to a “hold” rating in a report on Monday. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Sandvik has an average rating of “Hold”.

Sandvik Trading Down 1.9%

The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.06 and a current ratio of 1.96. The stock has a market capitalization of $49.65 billion, a P/E ratio of 31.17, a price-to-earnings-growth ratio of 1.34 and a beta of 1.50. The stock has a 50-day moving average price of $41.08 and a two-hundred day moving average price of $38.78.

Sandvik (OTCMKTS:SDVKY) last announced its earnings results on Wednesday, April 22nd. The industrial products company reported $0.36 EPS for the quarter, beating analysts’ consensus estimates of $0.32 by $0.04. The company had revenue of $3.34 billion during the quarter, compared to the consensus estimate of $3.43 billion. Sandvik had a return on equity of 16.92% and a net margin of 12.16%. On average, research analysts forecast that Sandvik AB will post 1.69 EPS for the current fiscal year.

Institutional Investors Weigh In On Sandvik

An institutional investor recently raised its position in Sandvik stock. GAMMA Investing LLC lifted its stake in shares of Sandvik AB (OTCMKTS:SDVKY) by 17.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 8,704 shares of the industrial products company’s stock after buying an additional 1,298 shares during the quarter. GAMMA Investing LLC’s holdings in Sandvik were worth $281,000 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 Company Profile

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.