AB Volvo (OTCMKTS:VLVLY) Shares Up 1.7% – Here’s Why

Shares of AB Volvo (OTCMKTS:VLVLY) were up 1.7% during mid-day trading on Wednesday . The company traded as high as $28.25 and last traded at $28.08. Approximately 79,950 shares changed hands during trading, a decline of 6% from the average daily volume of 85,026 shares. The stock had previously closed at $27.61.

Analyst Upgrades and Downgrades

VLVLY has been the subject of a number of recent research reports. Sanford C. Bernstein raised AB Volvo from a “strong sell” rating to a “hold” rating in a report on Monday, October 13th. The Goldman Sachs Group downgraded AB Volvo from a “buy” rating to a “neutral” rating in a report on Monday, September 8th. Finally, Zacks Research cut AB Volvo from a “hold” rating to a “strong sell” rating in a research note on Monday, October 20th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, two have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold”.

AB Volvo Trading Up 3.7%

The company has a market capitalization of $57.65 billion, a P/E ratio of 13.97, a price-to-earnings-growth ratio of 7.42 and a beta of 1.17. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.12 and a quick ratio of 0.85. The firm has a fifty day moving average price of $28.17 and a 200-day moving average price of $28.45.

AB Volvo (OTCMKTS:VLVLY) last posted its quarterly earnings data on Friday, October 17th. The company reported $0.39 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.13). The company had revenue of $11.75 billion for the quarter, compared to analysts’ expectations of $115.79 billion. AB Volvo had a return on equity of 22.66% and a net margin of 8.47%. On average, equities research analysts anticipate that AB Volvo will post 2.38 earnings per share for the current year.

AB Volvo Company Profile

AB Volvo (publ), together with its subsidiaries, manufactures and sells trucks, buses, construction equipment, and marine and industrial engines in Europe, the United States, Asia, Africa, and Oceania. The company provides heavy-duty trucks for long-haulage and construction work and light-duty trucks for distribution purposes under the Volvo, Renault Trucks, Mack, Eicher, and Dongfeng Trucks brands; and city and intercity buses, coaches, and chassis under the Prevost and Volvo Bus brands.