Stevanato Group (NYSE:STVN) Stock Price Down 1.4% – Time to Sell?

Stevanato Group S.p.A. (NYSE:STVN)’s stock price was down 1.4% during trading on Tuesday . The stock traded as low as €19.47 ($20.49) and last traded at €19.64 ($20.67). Approximately 35,237 shares changed hands during mid-day trading, a decline of 93% from the average daily volume of 509,774 shares. The stock had previously closed at €19.92 ($20.97).

Analyst Ratings Changes

Separately, Citigroup lowered their target price on shares of Stevanato Group from $30.00 to $28.00 and set a “buy” rating on the stock in a research note on Wednesday, August 7th.

Stevanato Group Price Performance

The company has a 50 day moving average price of €19.45 and a 200-day moving average price of €19.64. The company has a quick ratio of 1.21, a current ratio of 1.81 and a debt-to-equity ratio of 0.22.

Stevanato Group (NYSE:STVN) last issued its earnings results on Tuesday, November 5th. The company reported €0.12 ($0.13) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of €0.13 ($0.14) by (€0.01) (($0.01)). The firm had revenue of €277.90 million during the quarter, compared to the consensus estimate of €274.36 million. Stevanato Group had a return on equity of 9.86% and a net margin of 10.47%. Stevanato Group’s revenue for the quarter was up 2.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.16 earnings per share. On average, sell-side analysts predict that Stevanato Group S.p.A. will post 0.5 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Hardy Reed LLC grew its stake in shares of Stevanato Group by 8.2% during the third quarter. Hardy Reed LLC now owns 11,077 shares of the company’s stock valued at $222,000 after buying an additional 840 shares during the last quarter. Hilltop National Bank increased its position in shares of Stevanato Group by 34.3% in the 2nd quarter. Hilltop National Bank now owns 4,395 shares of the company’s stock valued at $81,000 after acquiring an additional 1,122 shares during the period. Lindenwold Advisors INC grew its position in Stevanato Group by 13.5% during the 3rd quarter. Lindenwold Advisors INC now owns 11,930 shares of the company’s stock worth $239,000 after purchasing an additional 1,415 shares during the period. Captrust Financial Advisors boosted its stake in shares of Stevanato Group by 12.7% during the 3rd quarter. Captrust Financial Advisors now owns 13,100 shares of the company’s stock worth $262,000 after acquiring an additional 1,480 shares in the last quarter. Finally, Raymond James Trust N.A. lifted its stake in Stevanato Group by 18.7% in the 2nd quarter. Raymond James Trust N.A. now owns 10,239 shares of the company’s stock valued at $188,000 after buying an additional 1,613 shares in the last quarter.

Stevanato Group Company Profile

Stevanato Group S.p.A. engages in the design, production, and distribution of products and processes to provide integrated solutions for bio-pharma and healthcare industries in Europe, the Middle East, Africa, North America, South America, and the Asia Pacific. The company operates in two segments, Biopharmaceutical and Diagnostic Solutions; and Engineering.