Sandvik AB (SDVKY) Downgraded by ValuEngine to Hold

Sandvik AB (OTC:SDVKY) was downgraded by ValuEngine from a “buy” rating to a “hold” rating in a research report issued on Wednesday.

Shares of Sandvik AB (SDVKY) opened at 17.52 on Wednesday. The company has a market cap of $21.98 billion, a P/E ratio of 25.14 and a beta of 0.76. Sandvik AB has a 1-year low of $10.81 and a 1-year high of $17.68. The stock’s 50 day moving average price is $17.00 and its 200 day moving average price is $15.98.

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Sandvik AB Company Profile

Sandvik AB (Sandvik) is an engineering company in mining and rock excavation, metal-cutting and materials technology. The Company is engaged in the developing, manufacturing and marketing processed products and services. Its segments include Sandvik Machining Solutions, Sandvik Mining and Rock Technology, Sandvik Materials Technology and Other Operations.

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