Sandvik AB (SDVKY) Cut to “Sell” at Zacks Investment Research


Sandvik AB (NASDAQ:SDVKY) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued to investors on Tuesday.
According to Zacks, “Sandvik is a high-technology, engineering group with advanced products and a world-leading position within selected areas. Worldwide business activities are conducted through representation in 130 countries. “
Sandvik AB (NASDAQ:SDVKY) traded down 3.20% during mid-day trading on Tuesday, hitting $10.60. 3,669 shares of the stock traded hands. The firm has a market cap of $13.30 billion and a price-to-earnings ratio of 36.18. Sandvik AB has a 1-year low of $7.42 and a 1-year high of $11.41. The stock has a 50-day moving average of $10.95 and a 200 day moving average of $10.25.

This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at

Sandvik AB Company Profile
Sandvik AB is an engineering company engaged in tooling, materials technology, mining and construction. The Company is the parent company of the Sandvik Group. The Company has five business areas, including Sandvik Machining Solutions, Sandvik Mining, Sandvik Materials Technology, Sandvik Construction and Sandvik Venture.
Get a free copy of the Zacks research report on Sandvik AB (SDVKY)
For more information about research offerings from Zacks Investment Research, visit

Receive News & Ratings for Sandvik AB Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Sandvik AB and related companies with’s FREE daily email newsletter.

Be the first to comment on "Sandvik AB (SDVKY) Cut to “Sell” at Zacks Investment Research"

Leave a comment

Your email address will not be published.