Sandvik AB (ADR) (NASDAQ:SDVKY) has been upgraded to Hold in a statement by Zacks Investment Research earlier today.
- Updated: October 2, 2016
Boasting a price of $10.72, Sandvik AB (ADR) (NASDAQ:SDVKY) traded 1.37% higher on the day. With the last stock price close up 5.70% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. Sandvik AB (ADR) has recorded a 50-day average of $10.94 and a two hundred day average of $10.39. Volume of trade was down over the average, with 37,744 shares of SDVKY changing hands under the typical 69,602
Zacks Investment Research has upgraded Sandvik AB (ADR) (NASDAQ:SDVKY) to Hold in a statement released on Wednesday September 28, 2016.
With a total market value of $0, Sandvik AB (ADR) has price-earnings ratio of 37.73 with a one year low of $7.42 and a one year high of $11.41 .
Brief Synopsis About Sandvik AB (ADR) (NASDAQ:SDVKY)
Sandvik AB (Sandvik) is an engineering company. The Company's segments include Sandvik Machining Solutions, Sandvik Mining, Sandvik Materials Technology, Sandvik Construction, Sandvik Venture and Corporate. Sandvik Machining Solutions offers tool and tooling systems for industrial metal cutting. Sandvik Mining is a supplier of equipment, tools, service and technical solutions for exploration, excavation and processing of rock and minerals for mining industry. Sandvik Materials Technology is a developer and manufacturer of stainless steels and special alloys. Sandvik Construction provides solutions, such as quarrying, tunneling, demolition, dimensional stone, recycling and civil engineering. Sandvik Venture's product areas, such as Process Systems, Hyperion, Wolfram, and Drilling and Completions (Varel) are suppliers of products and also serve as enablers for other Sandvik business areas. Its cemented-carbide tools and systems are used for turning, milling and drilling in metals.
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