Atlas Copco (OTCMKTS:ATLKY) Sees Unusually-High Trading Volume – Still a Buy?
by Danessa Lincoln · The Markets DailyAtlas Copco AB (OTCMKTS:ATLKY – Get Free Report) saw unusually-high trading volume on Thursday . 1,386,589 shares changed hands during trading, an increase of 220% from the previous session’s volume of 432,857 shares.The stock last traded at $21.06 and had previously closed at $20.05.
Analyst Ratings Changes
Several equities research analysts have recently commented on the stock. The Goldman Sachs Group raised shares of Atlas Copco from a “neutral” rating to a “buy” rating in a research report on Wednesday, July 22nd. Royal Bank Of Canada reissued an “underperform” rating on shares of Atlas Copco in a research note on Thursday, April 30th. Rothschild & Co Redburn raised Atlas Copco from a “hold” rating to a “strong-buy” rating in a research report on Monday, April 20th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Atlas Copco in a report on Wednesday, April 29th. Finally, Citigroup reissued a “buy” rating on shares of Atlas Copco in a research report on Friday, July 17th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, two have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy”.
Read Our Latest Stock Analysis on ATLKY
Atlas Copco Stock Performance
The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.20 and a current ratio of 1.27. The business has a 50-day moving average price of $19.90 and a 200 day moving average price of $19.80. The stock has a market capitalization of $103.50 billion, a P/E ratio of 37.28, a PEG ratio of 1.93 and a beta of 1.42.
Atlas Copco (OTCMKTS:ATLKY – Get Free Report) last posted its quarterly earnings data on Thursday, July 16th. The industrial products company reported $0.15 earnings per share for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.01). The company had revenue of $4.66 billion for the quarter, compared to the consensus estimate of $4.61 billion. Atlas Copco had a net margin of 15.66% and a return on equity of 24.10%. As a group, sell-side analysts forecast that Atlas Copco AB will post 0.65 EPS for the current fiscal year.
Atlas Copco Company Profile
Atlas Copco is a Sweden-based industrial group that develops, manufactures and services equipment and solutions for professional customers in a broad range of industries. The company’s core activities center on compressed air and gas systems, vacuum solutions, construction and mining equipment, industrial tools and assembly systems, and power and flow equipment. Products and services span new-equipment sales, aftermarket parts, maintenance and technical support aimed at improving productivity, energy efficiency and safety for industrial operations.
Key product categories include stationary and portable air compressors, air treatment and gas generation systems, industrial vacuum pumps, generators and light towers, drilling rigs and rock excavation equipment for mining and construction, as well as electric and pneumatic tools and automated assembly systems for manufacturing.