Stevanato Group (NYSE:STVN) Sets New 12-Month Low – Here’s Why

Stevanato Group S.p.A. (NYSE:STVN)’s share price hit a new 52-week low during trading on Saturday . The company traded as low as €16.30 and last traded at €17.22, with a volume of 2619700 shares. The stock had previously closed at €19.16.

Analyst Ratings Changes

A number of research analysts have recently issued reports on STVN shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Stevanato Group in a research report on Monday, December 29th. Morgan Stanley began coverage on shares of Stevanato Group in a research note on Monday, December 1st. They issued an “equal weight” rating and a $24.00 target price for the company. Finally, Wall Street Zen raised shares of Stevanato Group from a “hold” rating to a “buy” rating in a report on Friday. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy”.

Stevanato Group Stock Down 10.1%

The company has a market capitalization of $5.21 billion, a price-to-earnings ratio of 30.21, a PEG ratio of 1.58 and a beta of 0.58. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.30 and a current ratio of 1.89. The business’s 50 day moving average is €21.14 and its 200 day moving average is €23.49.

Hedge Funds Weigh In On Stevanato Group

Several hedge funds have recently made changes to their positions in the company. Farther Finance Advisors LLC acquired a new stake in Stevanato Group during the 3rd quarter worth about $44,000. First Horizon Corp acquired a new stake in shares of Stevanato Group during the third quarter worth about $50,000. State of Wyoming boosted its position in Stevanato Group by 39,216.7% in the second 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 during the last quarter. Quantbot Technologies LP purchased a new stake in Stevanato Group in the third quarter valued at approximately $68,000. Finally, Van Berkom & Associates Inc. increased its holdings in 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 buying an additional 1,215 shares during the period.

About Stevanato Group

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.