Sandvik AB (publ) (OTCMKTS:SDVKY – Get Rating) was the recipient of a large drop in short interest during the month of May. As of May 31st, there was short interest totalling 57,500 shares, a drop of 40.5% from the May 15th total of 96,600 shares. Based on an average daily trading volume, of 203,900 shares, the days-to-cover ratio is presently 0.3 days.
OTCMKTS SDVKY opened at $19.47 on Monday. The company has a market cap of $24.42 billion, a P/E ratio of 14.98, a P/E/G ratio of 4.58 and a beta of 1.31. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.31 and a current ratio of 1.92. The business’s 50 day moving average price is $19.87 and its 200-day moving average price is $23.24. Sandvik AB has a fifty-two week low of $17.30 and a fifty-two week high of $29.06.
A number of research analysts have recently commented on the company. Barclays lowered their target price on Sandvik AB (publ) from SEK 255 to SEK 230 and set an “equal weight” rating for the company in a research note on Monday, April 4th. JPMorgan Chase & Co. lowered their price objective on Sandvik AB (publ) from SEK 285 to SEK 260 and set an “overweight” rating on the stock in a research report on Monday, April 11th. Deutsche Bank Aktiengesellschaft lowered their price target on Sandvik AB (publ) from SEK 270 to SEK 260 and set a “buy” rating on the stock in a report on Friday, April 29th. Finally, Credit Suisse Group lowered their price target on Sandvik AB (publ) from SEK 290 to SEK 230 and set an “outperform” rating on the stock in a report on Wednesday, May 11th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $262.33.
Sandvik AB (publ) Company Profile (Get Rating)
Sandvik AB (publ) operates as an engineering company in the areas of mining and rock excavation, rock processing, manufacturing and machining, and materials technology in Sweden and internationally. The company offers mining and rock solutions, including drill rigs, underground loaders and trucks, rock drills and other tools, and parts and services, as well as digital and sustainability solutions; and rock processing applications, which include crushing, screening, feeding, breaking, demolition, and recycling.
- Get a free copy of the StockNews.com research report on Sandvik AB (publ) (SDVKY)
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