Stevanato Group (NYSE:STVN) Trading Down 8.2% – Time to Sell?
by Danessa Lincoln · The Markets DailyStevanato Group S.p.A. (NYSE:STVN – Get Free Report) shares were down 8.2% on Friday . The company traded as low as €17.86 and last traded at €17.59. Approximately 449,518 shares were traded during trading, a decline of 9% from the average daily volume of 494,945 shares. The stock had previously closed at €19.16.
Analyst Upgrades and Downgrades
STVN has been the subject of a number of research reports. Morgan Stanley began coverage on shares of Stevanato Group in a research note on Monday, December 1st. They issued an “equal weight” rating and a $24.00 price target for the company. Weiss Ratings restated a “hold (c)” rating on shares of Stevanato Group in a research note on Monday, December 29th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, Stevanato Group currently has a consensus rating of “Moderate Buy”.
Read Our Latest Stock Analysis on STVN
Stevanato Group Stock Performance
The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.30 and a current ratio of 1.89. The stock has a market capitalization of $5.24 billion, a P/E ratio of 30.38, a PEG ratio of 1.60 and a beta of 0.58. The business has a 50-day moving average price of €21.24 and a 200 day moving average price of €23.54.
Hedge Funds Weigh In On Stevanato Group
A number of hedge funds have recently bought and sold shares of STVN. Cooper Investors PTY Ltd. boosted its position in shares of Stevanato Group by 251.7% during the third quarter. Cooper Investors PTY Ltd. now owns 590,308 shares of the company’s stock valued at $15,200,000 after buying an additional 422,478 shares during the last quarter. Pembroke Management LTD boosted its holdings in shares of Stevanato Group by 11.9% during the 3rd quarter. Pembroke Management LTD now owns 1,283,216 shares of the company’s stock valued at $33,043,000 after acquiring an additional 136,710 shares during the last quarter. Bar Harbor Wealth Management purchased a new stake in shares of Stevanato Group during the 2nd quarter valued at about $9,081,000. Mutual of America Capital Management LLC grew its stake in shares of Stevanato Group by 6.5% in the second quarter. Mutual of America Capital Management LLC now owns 707,123 shares of the company’s stock worth $17,275,000 after acquiring an additional 43,389 shares during the period. Finally, Ranger Investment Management L.P. raised its holdings in shares of Stevanato Group by 125.6% during the second quarter. Ranger Investment Management L.P. now owns 1,321,030 shares of the company’s stock valued at $32,273,000 after purchasing an additional 735,417 shares during the last quarter.
About Stevanato Group
Stevanato Group is a global provider of primary packaging solutions and related services for the pharmaceutical and biotech industries. The company specializes in the design, development and manufacturing of glass drug containers such as vials, cartridges and pre-fillable syringes, as well as advanced inspection systems and assembly equipment. Its integrated offerings cover the entire packaging supply chain, from component production to bespoke filling lines and serialization technology.
In addition to its core glass business, Stevanato Group delivers engineering services and process validation support to pharmaceutical customers.