Sandvik AB (OTCMKTS:SDVKY) Short Interest Down 36.2% in April

Sandvik AB (OTCMKTS:SDVKY) was the recipient of a significant decline in short interest during the month of April. As of April 30th, there was short interest totaling 8,514 shares, a decline of 36.2% from the April 15th total of 13,348 shares. Based on an average trading volume of 237,036 shares, the short-interest ratio is currently 0.0 days. Currently, 0.0% of the shares of the stock are short sold.

Sandvik Stock Performance

Shares of SDVKY stock opened at $38.75 on Tuesday. The company has a current ratio of 1.94, a quick ratio of 1.02 and a debt-to-equity ratio of 0.34. The firm has a fifty day simple moving average of $40.25 and a two-hundred day simple moving average of $36.86. Sandvik has a 12 month low of $21.27 and a 12 month high of $44.53. The firm has a market capitalization of $48.61 billion, a PE ratio of 30.51, a price-to-earnings-growth ratio of 1.28 and a beta of 1.53.

Sandvik (OTCMKTS:SDVKY) last issued its quarterly earnings data on Wednesday, April 22nd. The industrial products company reported $0.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.32 by $0.04. Sandvik had a net margin of 12.16% and a return on equity of 17.64%. The firm had revenue of $3.34 billion during the quarter, compared to analysts’ expectations of $3.43 billion. Analysts forecast that Sandvik will post 1.76 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages recently issued reports on SDVKY. The Goldman Sachs Group reiterated a “sell” rating on shares of Sandvik in a report on Thursday, April 9th. Citigroup downgraded Sandvik from a “strong-buy” rating to a “hold” rating in a report on Monday, April 13th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Sandvik in a report on Thursday, April 23rd. Jefferies Financial Group lowered shares of Sandvik from a “strong-buy” rating to a “hold” rating in a report on Sunday, January 25th. Finally, Barclays reiterated an “overweight” rating on shares of Sandvik in a report on Wednesday, February 25th. Two analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy”.

Institutional Investors Weigh In On Sandvik

A hedge fund recently raised its stake in Sandvik stock. GAMMA Investing LLC lifted its position in Sandvik AB (OTCMKTS:SDVKY) by 17.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor 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 at the end of the most recent quarter. Institutional investors and hedge funds 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.