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

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

Analyst Upgrades and Downgrades

Separately, Citigroup dropped 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 note on Wednesday, August 7th.

Stevanato Group Stock Performance

The business’s 50 day moving average price is €19.47 and its 200 day moving average price is €19.63. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.21 and a current ratio of 1.81.

Stevanato Group (NYSE:STVN) last released its quarterly 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)). Stevanato Group had a net margin of 10.47% and a return on equity of 9.86%. The company had revenue of €277.90 million during the quarter, compared to analyst estimates of €274.36 million. During the same period in the prior year, the business posted $0.16 EPS. Stevanato Group’s revenue was up 2.4% compared to the same quarter last year. As a group, analysts forecast that Stevanato Group S.p.A. will post 0.5 EPS for the current fiscal year.

Institutional Investors Weigh In On Stevanato Group

A number of institutional investors have recently added to or reduced their stakes in STVN. Harbor Capital Advisors Inc. grew its stake in 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 acquiring an additional 4,626 shares during the period. Hilltop National Bank lifted 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 valued at $81,000 after purchasing an additional 1,122 shares in the last quarter. Schwartz Investment Counsel Inc. lifted 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 valued at $2,316,000 after purchasing an additional 13,800 shares in the last quarter. Raymond James Trust N.A. lifted 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 valued at $188,000 after purchasing an additional 1,613 shares in the last quarter. Finally, Liontrust Investment Partners LLP purchased a new position in Stevanato Group in the 2nd quarter valued at $6,104,000.

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.