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

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

Wall Street Analysts Forecast Growth

Separately, Citigroup cut their price target 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 Trading Up 0.5 %

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

Stevanato Group (NYSE:STVN) last posted 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)). Stevanato Group had a net margin of 10.47% and a return on equity of 9.86%. The firm had revenue of €277.90 million during the quarter, compared to analyst estimates of €274.36 million. During the same period last year, the company earned $0.16 EPS. The company’s revenue was up 2.4% on a year-over-year basis. Equities research analysts predict that Stevanato Group S.p.A. will post 0.5 EPS for the current year.

Institutional Trading of Stevanato Group

A number of hedge funds and other institutional investors have recently modified their holdings of STVN. Tri Locum Partners LP bought a new stake in Stevanato Group during the second quarter valued at $10,370,000. Thrivent Financial for Lutherans bought a new position in shares of Stevanato Group during the second quarter valued at about $30,477,000. Thornburg Investment Management Inc. raised its stake in Stevanato Group by 279.1% in the second quarter. Thornburg Investment Management Inc. now owns 746,218 shares of the company’s stock worth $13,690,000 after buying an additional 549,378 shares in the last quarter. Comgest Global Investors S.A.S. grew its holdings in Stevanato Group by 56.8% in the second quarter. Comgest Global Investors S.A.S. now owns 394,120 shares of the company’s stock worth $7,228,000 after purchasing an additional 142,754 shares during the period. Finally, Raymond James Trust N.A. grew its holdings in shares of Stevanato Group by 18.7% during the second 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 during the last quarter.

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.