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.
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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.
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