Stevanato Group (NYSE:STVN) Sees Unusually-High Trading Volume – Should You Buy?

Stevanato Group S.p.A. (NYSE:STVN) shares saw unusually-strong trading volume on Thursday . Approximately 869,270 shares traded hands during mid-day trading, an increase of 104% from the previous session’s volume of 426,629 shares.The stock last traded at €19.78 and had previously closed at €19.44.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on STVN shares. Weiss Ratings reiterated a “hold (c)” rating on shares of Stevanato Group in a research note on Monday, December 29th. Morgan Stanley initiated coverage on Stevanato Group in a research report on Monday, December 1st. They set an “equal weight” rating and a $24.00 target price on the stock. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy”.

Stevanato Group Stock Performance

The company has a market cap of $5.80 billion, a price-to-earnings ratio of 33.61, a PEG ratio of 1.57 and a beta of 0.58. The firm’s 50 day simple moving average is €21.31 and its 200-day simple moving average is €23.57. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.30 and a current ratio of 1.89.

Institutional Trading of Stevanato Group

A number of hedge funds have recently bought and sold shares of the business. Farther Finance Advisors LLC acquired a new position in shares of Stevanato Group during the 3rd quarter worth approximately $44,000. First Horizon Corp acquired a new position in Stevanato Group during the third quarter worth $50,000. State of Wyoming grew its holdings in Stevanato Group by 39,216.7% in the 2nd quarter. State of Wyoming now owns 2,359 shares of the company’s stock valued at $58,000 after buying an additional 2,353 shares in the last quarter. Quantbot Technologies LP purchased a new stake in Stevanato Group in the 3rd quarter valued at $68,000. Finally, Van Berkom & Associates Inc. increased its stake in shares of Stevanato Group by 50.6% in the 3rd quarter. Van Berkom & Associates Inc. now owns 3,615 shares of the company’s stock worth $93,000 after acquiring an additional 1,215 shares during the last quarter.

Stevanato Group Company Profile

Stevanato Group is a global provider of primary packaging solutions and related services for the pharmaceutical and biotech industries. The company specializes in the design, development and manufacturing of glass drug containers such as vials, cartridges and pre-fillable syringes, as well as advanced inspection systems and assembly equipment. Its integrated offerings cover the entire packaging supply chain, from component production to bespoke filling lines and serialization technology.

In addition to its core glass business, Stevanato Group delivers engineering services and process validation support to pharmaceutical customers.