() released its quarterly earnings on Friday. Sandvik AB had a net profit margin of 9.96%, and a return of equity of 17.71%. Revenue for the quarter was $2.96 billion.
Sandvik AB (publ) Stock Performance
Trading on Friday saw a decline of $0.81, bringing the price to $20.89. The trading volume was 27,589 shares compared to the average volume of 33984. Sandvik AB's 12 month low is $12.81, and its 12 month high is $25.68. The 50-day moving mean of the business is $20.55, and its 200-day moving means are $19.00. Separately Credit Suisse Group downgraded shares of Sandvik AB(publ) to a neutral' in a report published on Friday, 14th April. Four analysts have given the company a buy recommendation, while three others have assigned a hold rating. MarketBeat data shows that the company's consensus rating is 'Hold' with an average price target of $193.00.
Inflows of Institutional Capital and Outflows
Recently, a hedge fund increased its holdings in Sandvik AB. According to the most recent SEC disclosure, ) increased by 15.6% during the second quarter. The institutional investor now owns 8,385 of the industrial product company's shares after adding 1,131 more during the period. Captrust Financial Advisors held Sandvik AB(publ) for $136,000 according to its latest SEC filing.
Sandvik AB (publ).
Sandvik AB is engaged in the design, manufacturing, and sales of tools, equipment and tooling systems to the mining and construction industry. The company operates in four segments: Sandvik Manufacturing and Machining Solutions; Sandvik Mining and Rock Technology; Sandvik Materials Technology and Sandvik Rock Processing Solutions.
MarketBeat.com offers a FREE daily email newsletter