Stevanato Group (NYSE:STVN) Trading Down 2.1% – Should You Sell?

Stevanato Group S.p.A. (NYSE:STVN) traded down 2.1% during mid-day trading on Monday . The stock traded as low as €19.56 ($20.59) and last traded at €19.61 ($20.64). 78,887 shares changed hands during mid-day trading, a decline of 84% from the average session volume of 506,669 shares. The stock had previously closed at €20.03 ($21.08).

Analyst Ratings Changes

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

Stevanato Group Stock Up 0.1 %

The company has a fifty day moving average price of €19.49 and a 200 day moving average price of €19.60. The company has a market cap of $5.93 billion, a PE ratio of 41.98, a price-to-earnings-growth ratio of 9.01 and a beta of 0.58. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.81 and a quick ratio of 1.21.

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

Institutional Investors Weigh In On Stevanato Group

A number of institutional investors have recently made changes to their positions in STVN. Tri Locum Partners LP bought a new stake in Stevanato Group in the second quarter worth $10,370,000. Thrivent Financial for Lutherans purchased a new stake in Stevanato Group during the 2nd quarter valued at about $30,477,000. Thornburg Investment Management Inc. grew its position in Stevanato Group by 279.1% during the 2nd quarter. Thornburg Investment Management Inc. now owns 746,218 shares of the company’s stock worth $13,690,000 after acquiring an additional 549,378 shares during the last quarter. Comgest Global Investors S.A.S. increased its stake in Stevanato Group by 56.8% in the 2nd 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. lifted its position in Stevanato Group by 18.7% in the second 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 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.