Atlas Copco (OTCMKTS:ATLKY) Shares Gap Down – Here’s What Happened

by · The Cerbat Gem

Atlas Copco AB (OTCMKTS:ATLKY – Get Free Report) shares gapped down before the market opened on Wednesday . The stock had previously closed at $17.92, but opened at $17.23. Atlas Copco shares last traded at $17.33, with a volume of 3,851 shares traded.

Wall Street Analyst Weigh In

Several brokerages have weighed in on ATLKY. Barclays upgraded Atlas Copco from a “hold” rating to an “overweight” rating in a research report on Wednesday, December 3rd. BNP Paribas upgraded shares of Atlas Copco from a “hold” rating to an “outperform” rating in a research report on Thursday, September 4th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Atlas Copco in a report on Monday, October 27th. Citigroup reaffirmed a “buy” rating on shares of Atlas Copco in a research report on Tuesday, October 28th. Finally, UBS Group lowered Atlas Copco to a “sell” rating in a research report on Tuesday, October 28th. Three equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Atlas Copco has a consensus rating of “Hold”.

Get Our Latest Stock Report on ATLKY

Atlas Copco Stock Performance

The company has a market capitalization of $84.19 billion, a P/E ratio of 30.84, a price-to-earnings-growth ratio of 9.01 and a beta of 1.40. The company’s 50 day moving average is $17.18 and its 200-day moving average is $16.57. The company has a current ratio of 1.52, a quick ratio of 1.09 and a debt-to-equity ratio of 0.27.

Atlas Copco (OTCMKTS:ATLKY – Get Free Report) last announced its quarterly earnings data on Thursday, October 23rd. The industrial products company reported $0.14 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.14. Atlas Copco had a net margin of 16.08% and a return on equity of 25.42%. The business had revenue of $4.43 billion for the quarter, compared to analysts’ expectations of $4.42 billion. Equities analysts anticipate that Atlas Copco AB will post 0.55 EPS for the current fiscal year.

About Atlas Copco

(Get Free Report)

Atlas Copco AB provides compressed air and gas, vacuum, energy, dewatering and industrial pump, industrial power tool, and assembly and machine vision solutions in North America, South America, Europe, Africa, the Middle East, Asia, and Oceania. It operates through Compressor Technique, Vacuum Technique, Industrial Technique, and Power Technique segments.

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