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

Sandvik AB (OTCMKTS:SDVKY)’s stock price gapped down prior to trading on Friday . The stock had previously closed at $38.46, but opened at $35.01. Sandvik shares last traded at $35.34, with a volume of 4,983 shares traded.

Analyst Ratings Changes

Several brokerages have recently commented on SDVKY. Nordea Equity Research upgraded Sandvik to a “hold” rating in a research report on Wednesday, April 15th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Sandvik in a research report on Thursday, June 18th. Citigroup lowered shares of Sandvik from a “strong-buy” rating to a “hold” rating in a report on Monday, April 13th. Zacks Research cut shares of Sandvik from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 22nd. Finally, Kepler Capital Markets lowered shares of Sandvik from a “strong-buy” rating to a “hold” rating in a report on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Sandvik currently has a consensus rating of “Hold”.

Sandvik Price Performance

The company has a market capitalization of $43.97 billion, a PE ratio of 27.60, a PEG ratio of 1.14 and a beta of 1.50. The firm has a fifty day moving average of $40.26 and a two-hundred day moving average of $39.81. The company has a current ratio of 1.96, a quick ratio of 1.06 and a debt-to-equity ratio of 0.36.

Sandvik (OTCMKTS:SDVKY) last posted its quarterly earnings results on Friday, July 17th. The industrial products company reported $0.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.46 by $0.03. Sandvik had a return on equity of 16.92% and a net margin of 12.16%. Research analysts anticipate that Sandvik AB will post 1.71 EPS for the current fiscal year.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Sandvik stock. GAMMA Investing LLC increased its position in Sandvik AB (OTCMKTS:SDVKY) by 17.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. 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 & Exchange Commission. Institutional investors own 0.74% of the company’s stock.

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.