Atlas Copco AB (OTCMKTS:ATLKY) Stock Short Interest Climbs 54.2%
by Tristan Rich · The Markets DailyAtlas Copco AB (OTCMKTS:ATLKY – Get Free Report) was the target of a large growth in short interest during the month of September. As of September 15th, there was short interest totaling 103,734 shares, a growth of 54.2% from the August 31st total of 67,277 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average daily volume of 537,205 shares, the short-interest ratio is currently 0.2 days.
Atlas Copco Price Performance
Atlas Copco stock opened at $20.60 on Friday. The stock has a market cap of $100.33 billion, a price-to-earnings ratio of 36.14, a PEG ratio of 1.86 and a beta of 1.39. The company has a quick ratio of 0.87, a current ratio of 1.27 and a debt-to-equity ratio of 0.25. The business has a 50-day simple moving average of $21.18 and a 200 day simple moving average of $19.95. Atlas Copco has a 52 week low of $15.69 and a 52 week high of $22.42.
Atlas Copco (OTCMKTS:ATLKY – Get Free Report) last released its quarterly earnings results on Thursday, July 16th. The industrial products company reported $0.15 earnings per share for the quarter, missing the consensus estimate of $0.16 by ($0.01). Atlas Copco had a net margin of 15.66% and a return on equity of 24.10%. The business had revenue of $4.66 billion during the quarter, compared to analysts’ expectations of $4.61 billion. On average, research analysts forecast that Atlas Copco will post 0.66 earnings per share for the current fiscal year.
Analyst Ratings Changes
ATLKY has been the topic of a number of analyst reports. Citigroup reaffirmed a “buy” rating on shares of Atlas Copco in a report on Tuesday, September 8th. The Goldman Sachs Group raised Atlas Copco from a “neutral” rating to a “buy” rating in a research report on Wednesday, July 22nd. Morgan Stanley reaffirmed an “overweight” rating on shares of Atlas Copco in a report on Tuesday, September 1st. Finally, Royal Bank Of Canada restated an “underperform” rating on shares of Atlas Copco in a research note on Wednesday, August 5th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy”.
Check Out Our Latest Research Report on Atlas Copco
Atlas Copco Company Profile
Atlas Copco AB is a Sweden-based industrial equipment and technology company founded in 1873. Headquartered in Nacka, Sweden, the company serves customers in manufacturing, construction, mining, infrastructure, energy and other industries through a global sales, service and distribution network.
Its product portfolio includes air compressors, dryers, gas and process systems, vacuum equipment, industrial power tools, assembly systems and automated manufacturing solutions. Atlas Copco also provides equipment and services for mining and construction, including drilling, rock excavation and related aftermarket support.