Sandvik AB (NASDAQ:SDVKY) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a note issued to investors on Wednesday.
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) opened at 10.72 on Wednesday. The company has a 50 day moving average price of $10.97 and a 200-day moving average price of $10.37. Sandvik AB has a 52-week low of $7.42 and a 52-week high of $11.41. The firm has a market cap of $13.45 billion and a price-to-earnings ratio of 36.84.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
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 MarketBeat.com's FREE daily email newsletter.