Sandvik AB (OTCMKTS:SDVKY) Short Interest Update

Sandvik AB (OTCMKTS:SDVKY) saw a significant decrease in short interest in March. As of March 31st, there was short interest totaling 48,693 shares, a decrease of 43.3% from the March 15th total of 85,835 shares. Based on an average daily volume of 164,236 shares, the short-interest ratio is presently 0.3 days. Approximately 0.0% of the company’s shares are sold short.

Sandvik Stock Up 0.6%

Sandvik stock opened at $43.65 on Tuesday. The firm has a market capitalization of $54.75 billion, a P/E ratio of 36.07, a P/E/G ratio of 1.69 and a beta of 1.52. The company has a current ratio of 1.94, a quick ratio of 1.02 and a debt-to-equity ratio of 0.38. Sandvik has a twelve month low of $18.99 and a twelve month high of $44.43. The stock’s fifty day simple moving average is $40.64 and its 200-day simple moving average is $34.82.

Sandvik (OTCMKTS:SDVKY) last released its earnings results on Tuesday, January 27th. The industrial products company reported $0.36 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.01). Sandvik had a net margin of 12.16% and a return on equity of 16.94%. The company had revenue of $3.64 billion during the quarter, compared to analysts’ expectations of $3.38 billion. As a group, equities analysts expect that Sandvik will post 1.27 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on SDVKY shares. Jefferies Financial Group cut Sandvik from a “strong-buy” rating to a “hold” rating in a research note on Sunday, January 25th. Morgan Stanley lowered Sandvik from an “overweight” rating to an “equal weight” rating in a research note on Thursday, March 12th. Zacks Research cut Sandvik from a “strong-buy” rating to a “hold” rating in a report on Monday, February 16th. The Goldman Sachs Group reiterated a “sell” rating on shares of Sandvik in a research note on Thursday. Finally, Citigroup reissued a “buy” rating on shares of Sandvik in a research report on Monday, January 12th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy”.

Hedge Funds Weigh In On Sandvik

An institutional investor recently raised its position in Sandvik stock. Salomon & Ludwin LLC increased its position in shares of Sandvik AB (OTCMKTS:SDVKY) by 3,795.5% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 857 shares of the industrial products company’s stock after buying an additional 835 shares during the period. Salomon & Ludwin LLC’s holdings in Sandvik were worth $25,000 at the end of the most recent reporting period. 0.74% of the stock is currently owned by hedge funds and other 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.