Atlas Copco AB (OTCMKTS:ATLKY – Get Free Report) saw a significant decrease in short interest during the month of October. As of October 15th, there was short interest totaling 57,390 shares, a decrease of 37.2% from the September 30th total of 91,456 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average daily volume of 460,849 shares, the short-interest ratio is currently 0.1 days.
Atlas Copco Price Performance
Shares of OTCMKTS:ATLKY traded up $0.59 during mid-day trading on Monday, reaching $19.11. The stock had a trading volume of 278,699 shares, compared to its average volume of 393,057. Atlas Copco has a 1 year low of $15.69 and a 1 year high of $22.42. The company has a market cap of $93.10 billion, a P/E ratio of 32.40, a price-to-earnings-growth ratio of 1.42 and a beta of 1.41. The business’s 50 day moving average price is $20.50 and its 200 day moving average price is $20.11. The company has a current ratio of 1.27, a quick ratio of 0.87 and a debt-to-equity ratio of 0.25.
Atlas Copco (OTCMKTS:ATLKY – Get Free Report) last posted its quarterly earnings data on Thursday, October 22nd. The industrial products company reported $0.16 earnings per share for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.01). The firm had revenue of $4.83 billion during the quarter, compared to analysts’ expectations of $4.79 billion. Atlas Copco had a return on equity of 24.52% and a net margin of 15.69%. Research analysts expect that Atlas Copco will post 0.64 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
Several analysts have recently issued reports on ATLKY shares. 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. Morgan Stanley reaffirmed an “overweight” rating on shares of Atlas Copco in a research note on Tuesday, September 1st. Royal Bank Of Canada restated an “underperform” rating on shares of Atlas Copco in a report on Wednesday, August 5th. Finally, Citigroup reaffirmed a “buy” rating on shares of Atlas Copco in a research note on Tuesday, October 13th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy”.
View Our Latest Stock Analysis on ATLKY
Atlas Copco Company Profile
Atlas Copco AB is a Sweden-based industrial technology company that develops and manufactures equipment, systems and services for a broad range of industrial applications. Its principal business areas include compressed-air and gas equipment, vacuum solutions, industrial tools and assembly systems, and power and flow equipment.
The company’s offerings include air compressors, dryers and treatment systems; vacuum pumps and related equipment; pneumatic, electric and battery-powered tools; automated assembly solutions; generators, pumps and construction equipment.
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