AB Volvo (OTCMKTS:VLVLY) Sees Unusually-High Trading Volume – Here’s Why

Shares of AB Volvo (OTCMKTS:VLVLY) saw unusually-high trading volume on Friday . Approximately 81,076 shares traded hands during trading, an increase of 3% from the previous session’s volume of 79,041 shares.The stock last traded at $38.04 and had previously closed at $39.04.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Kepler Capital Markets reaffirmed a “hold” rating on shares of AB Volvo in a research note on Friday, January 16th. Zacks Research raised shares of AB Volvo from a “strong sell” rating to a “hold” rating in a report on Friday, December 19th. UBS Group cut shares of AB Volvo from a “strong-buy” rating to a “strong sell” rating in a research note on Tuesday, January 13th. Deutsche Bank Aktiengesellschaft cut shares of AB Volvo from a “buy” rating to a “hold” rating in a research note on Tuesday, December 9th. Finally, Citigroup raised shares of AB Volvo from a “hold” rating to a “strong-buy” rating in a report on Friday, December 5th. Two equities research analysts have rated the stock with a Strong Buy rating, six have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, AB Volvo has an average rating of “Hold”.

AB Volvo Stock Down 1.3%

The company has a quick ratio of 0.85, a current ratio of 1.12 and a debt-to-equity ratio of 0.79. The company has a market capitalization of $78.34 billion, a PE ratio of 18.88, a PEG ratio of 9.23 and a beta of 1.15. The company’s 50 day moving average is $33.99 and its two-hundred day moving average is $30.70.

AB Volvo (OTCMKTS:VLVLY) last released its quarterly earnings data on Wednesday, January 28th. The company reported $0.50 EPS for the quarter, beating the consensus estimate of $0.46 by $0.04. AB Volvo had a net margin of 8.47% and a return on equity of 23.01%. The business had revenue of $14.01 billion during the quarter, compared to the consensus estimate of $13.42 billion. On average, analysts anticipate that AB Volvo will post 2.38 earnings per share for the current year.

AB Volvo Company Profile

AB Volvo (Volvo Group) is a Swedish multinational manufacturing company headquartered in Gothenburg. The company designs, manufactures and sells a broad range of commercial vehicles and related systems, including heavy- and medium-duty trucks, buses, and construction equipment. In addition to vehicles and machinery, Volvo supplies marine and industrial power systems through its Volvo Penta division and offers parts, service, telematics and financing solutions to commercial customers worldwide.

Key product and business lines include Volvo Trucks and Mack-branded heavy trucks, a global bus and coach offering, Volvo Construction Equipment, and power systems for marine and industrial applications.