Sandvik AB (SDVKY) Upgraded to Hold at Zacks Investment Research

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.

5 Day Chart for NASDAQ:SDVKY

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