Atlas Copco (OTCMKTS:ATLKY) Sees Unusually-High Trading Volume – What’s Next?

Atlas Copco AB (OTCMKTS:ATLKYGet Free Report) saw unusually-high trading volume on Thursday . Approximately 1,386,589 shares changed hands during mid-day 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 analysts have issued reports on the stock. Morgan Stanley restated an “overweight” rating on shares of Atlas Copco in a research note on Tuesday, July 21st. Citigroup restated a “buy” rating on shares of Atlas Copco in a research note on Friday, July 17th. The Goldman Sachs Group raised Atlas Copco from a “neutral” rating to a “buy” rating in a research report on Wednesday, July 22nd. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Atlas Copco in a research note on Wednesday, April 29th. Finally, Royal Bank Of Canada restated an “underperform” rating on shares of Atlas Copco in a research report on Thursday, April 30th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy”.

Check Out Our Latest Research Report on ATLKY

Atlas Copco Stock Performance

The stock has a fifty day moving average of $19.81 and a 200-day moving average of $19.78. The company has a quick ratio of 1.20, a current ratio of 1.27 and a debt-to-equity ratio of 0.25. The stock has a market cap of $102.72 billion, a PE ratio of 37.00, a price-to-earnings-growth ratio of 1.86 and a beta of 1.42.

Atlas Copco (OTCMKTS:ATLKYGet Free Report) last announced its 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 company had revenue of $4.66 billion during the quarter, compared to analysts’ expectations of $4.61 billion. On average, equities analysts forecast that Atlas Copco AB will post 0.65 EPS for the current year.

Atlas Copco Company Profile

(Get Free Report)

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.

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