Stevanato Group (NYSE:STVN) Stock Price Down 0.2% – Should You Sell?

Stevanato Group S.p.A. (NYSE:STVN)’s share price dropped 0.2% during trading on Thursday . The company traded as low as €19.49 ($20.52) and last traded at €20.00 ($21.05). Approximately 362,200 shares traded hands during mid-day trading, a decline of 29% from the average daily volume of 510,213 shares. The stock had previously closed at €20.04 ($21.09).

Analyst Ratings Changes

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

Stevanato Group Price Performance

The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.21 and a current ratio of 1.81. The business has a fifty day simple moving average of €19.47 and a 200 day simple moving average of €19.63.

Stevanato Group (NYSE:STVN) last posted its quarterly earnings data 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 return on equity of 9.86% and a net margin of 10.47%. The firm had revenue of €277.90 million for the quarter, compared to analysts’ expectations of €274.36 million. During the same period in the prior year, the firm earned $0.16 earnings per share. Stevanato Group’s revenue was up 2.4% compared to the same quarter last year. Analysts expect that Stevanato Group S.p.A. will post 0.5 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of STVN. Harbor Capital Advisors Inc. lifted its position in shares of Stevanato Group by 109.1% during the second quarter. Harbor Capital Advisors Inc. now owns 8,867 shares of the company’s stock worth $163,000 after acquiring an additional 4,626 shares in the last quarter. Hilltop National Bank raised its stake in shares of Stevanato Group by 34.3% during 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 during the period. Schwartz Investment Counsel Inc. lifted its holdings in Stevanato Group by 12.3% during the 2nd quarter. Schwartz Investment Counsel Inc. now owns 126,281 shares of the company’s stock worth $2,316,000 after purchasing an additional 13,800 shares in the last quarter. Raymond James Trust N.A. boosted its stake 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 purchasing an additional 1,613 shares during the period. Finally, Liontrust Investment Partners LLP purchased a new position in Stevanato Group during the 2nd quarter valued at about $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.