Positive News Coverage Extremely Likely to Impact SANDVIK AB/ADR (SDVKY) Share Price

Media coverage about SANDVIK AB/ADR (OTCMKTS:SDVKY) has been trending positive on Friday, InfoTrie Sentiment Analysis reports. The research group rates the sentiment of press coverage by reviewing more than six thousand news and blog sources. The firm ranks coverage of public companies on a scale of negative five to five, with scores nearest to five being the most favorable. SANDVIK AB/ADR earned a news impact score of 2.50 on their scale. InfoTrie also assigned media headlines about the industrial products company an news buzz score of 10 out of 10, meaning that recent press coverage is extremely likely to have an impact on the company’s share price in the near term.

Shares of OTCMKTS:SDVKY opened at $14.73 on Friday. SANDVIK AB/ADR has a 12 month low of $14.27 and a 12 month high of $20.18. The company has a current ratio of 2.37, a quick ratio of 1.42 and a debt-to-equity ratio of 0.51. The firm has a market cap of $17.97 billion, a P/E ratio of 15.67, a P/E/G ratio of 1.28 and a beta of 1.07.

SANDVIK AB/ADR (OTCMKTS:SDVKY) last issued its quarterly earnings data on Tuesday, October 23rd. The industrial products company reported $0.35 EPS for the quarter. SANDVIK AB/ADR had a net margin of 16.95% and a return on equity of 25.20%. The business had revenue of $2.81 billion for the quarter. Research analysts predict that SANDVIK AB/ADR will post 1.18 earnings per share for the current fiscal year.

SDVKY has been the topic of a number of research analyst reports. Zacks Investment Research upgraded shares of SANDVIK AB/ADR from a “sell” rating to a “hold” rating in a report on Saturday, October 27th. Barclays lowered shares of SANDVIK AB/ADR from an “equal weight” rating to a “sell” rating in a report on Wednesday, October 3rd. Finally, ValuEngine lowered shares of SANDVIK AB/ADR from a “hold” rating to a “sell” rating in a report on Tuesday, October 16th.

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About SANDVIK AB/ADR

Sandvik AB (publ) operates as an engineering company in the areas of mining and rock excavation, metal-cutting, and materials technology worldwide. The company offers metal-cutting tools and tooling systems, including boring, drilling, milling, reaming, and turning tools, as well as tailor made tools and inserts and tooling systems; and mining and rock excavation equipment and tools, such as stationary and mobile crushers and screens, underground drill rigs and bolters, surface drill rigs, exploration drill rigs and tools, underground loaders and trucks, mechanical cutting equipment, rock tools, rock drills, mining automation systems, bulk materials handling equipment, conveyor components, and parts and services, as well as breakers, demolition tools, and booms.

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