Sandvik AB (publ) (OTCMKTS:SDVKY) Shares Purchased by GAMMA Investing LLC

GAMMA Investing LLC increased its position in shares of Sandvik AB (publ) (OTCMKTS:SDVKY) by 3,893.3% during the 1st quarter, Holdings Channel.com reports. The fund owned 117,242 shares of the industrial products company’s stock after acquiring an additional 114,306 shares during the period. GAMMA Investing LLC’s holdings in Sandvik AB (publ) were worth $2,478,000 at the end of the most recent quarter.

Separately, Rhumbline Advisers raised its position in Sandvik AB (publ) by 12.4% in the 4th quarter. Rhumbline Advisers now owns 32,707 shares of the industrial products company’s stock valued at $585,000 after purchasing an additional 3,607 shares in the last quarter. Institutional investors own 0.74% of the company’s stock.

Sandvik AB (publ) Price Performance

SDVKY stock opened at $22.46 on Friday. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.79 and a quick ratio of 0.94. The firm has a market capitalization of $28.17 billion, a P/E ratio of 24.15, a P/E/G ratio of 1.00 and a beta of 1.53. The business’s 50-day moving average is $21.00 and its two-hundred day moving average is $20.56. Sandvik AB has a 1 year low of $16.94 and a 1 year high of $23.47.

Sandvik AB (publ) (OTCMKTS:SDVKY) last posted its quarterly earnings results on Wednesday, April 16th. The industrial products company reported $0.28 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.01). The company had revenue of $3 billion during the quarter, compared to analyst estimates of $30.25 billion. Sandvik AB (publ) had a net margin of 9.92% and a return on equity of 16.07%. Analysts anticipate that Sandvik AB will post 1.27 earnings per share for the current fiscal year.

Sandvik AB (publ) Company Profile

Sandvik AB (publ), an engineering company, provides products and solutions for mining and rock excavation, metal cutting, and materials technology worldwide. The company offers mining and rock excavation equipment, including drill rigs and bolters, underground loaders and trucks, mechanical cutting equipment, rock tools and rock drills, and mining automation; rock processing equipment, such as crushers, screens, hydraulic breakers, demolition tools, and breaker booms.