Stevanato Group (NYSE:STVN) Stock Price Down 0.7% – Should You Sell?

Shares of Stevanato Group S.p.A. (NYSE:STVN) were down 0.7% on Wednesday . The company traded as low as €19.49 ($20.52) and last traded at €19.89 ($20.94). Approximately 128,029 shares changed hands during trading, a decline of 75% from the average daily volume of 509,156 shares. The stock had previously closed at €20.04 ($21.09).

Analyst Upgrades and Downgrades

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

Stevanato Group Stock Down 0.2 %

The stock’s 50 day moving average is €19.47 and its two-hundred day moving average is €19.63. 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 released its quarterly earnings results on Tuesday, November 5th. The company reported €0.12 ($0.13) EPS for the quarter, missing the consensus estimate of €0.13 ($0.14) by (€0.01) (($0.01)). The firm had revenue of €277.90 million for the quarter, compared to analysts’ expectations of €274.36 million. Stevanato Group had a net margin of 10.47% and a return on equity of 9.86%. The business’s quarterly revenue was up 2.4% compared to the same quarter last year. During the same period in the previous year, the company posted $0.16 earnings per share. Analysts predict that Stevanato Group S.p.A. will post 0.5 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Stevanato Group

Several hedge funds and other institutional investors have recently modified their holdings of STVN. Harbor Capital Advisors Inc. raised its position in shares of Stevanato Group by 109.1% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 8,867 shares of the company’s stock valued at $163,000 after purchasing an additional 4,626 shares during the last quarter. Hilltop National Bank increased its holdings in Stevanato Group by 34.3% in the 2nd quarter. Hilltop National Bank now owns 4,395 shares of the company’s stock worth $81,000 after buying an additional 1,122 shares during the period. Schwartz Investment Counsel Inc. increased its holdings in Stevanato Group by 12.3% in the 2nd quarter. Schwartz Investment Counsel Inc. now owns 126,281 shares of the company’s stock worth $2,316,000 after buying an additional 13,800 shares during the period. Raymond James Trust N.A. increased its holdings 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 worth $188,000 after buying an additional 1,613 shares during the period. Finally, Liontrust Investment Partners LLP acquired a new position in Stevanato Group in the 2nd quarter worth approximately $6,104,000.

About Stevanato Group

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.