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

Atlas Copco AB (OTCMKTS:ATLKY)’s share price gapped down prior to trading on Monday . The stock had previously closed at $17.97, but opened at $17.1101. Atlas Copco shares last traded at $17.9750, with a volume of 14,685 shares traded.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the stock. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Atlas Copco in a research report on Friday, January 16th. Pareto Securities cut shares of Atlas Copco from a “buy” rating to a “hold” rating in a research note on Tuesday, January 27th. Citigroup reiterated a “buy” rating on shares of Atlas Copco in a research note on Thursday, January 22nd. The Goldman Sachs Group cut shares of Atlas Copco from a “strong-buy” rating to a “neutral” rating in a research note on Thursday, February 5th. Finally, Sanford C. Bernstein upgraded shares of Atlas Copco from a “hold” rating to an “outperform” rating in a research note on Wednesday, January 7th. Four research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold”.

Atlas Copco Stock Performance

The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.08 and a current ratio of 1.55. The firm’s 50 day simple moving average is $19.65 and its 200 day simple moving average is $18.50. The firm has a market capitalization of $86.78 billion, a price-to-earnings ratio of 32.36, a PEG ratio of 2.33 and a beta of 1.47.

Atlas Copco (OTCMKTS:ATLKY) last announced its quarterly earnings data on Tuesday, January 27th. The industrial products company reported $0.14 EPS for the quarter, missing the consensus estimate of $0.15 by ($0.01). Atlas Copco had a net margin of 15.70% and a return on equity of 24.94%. The business had revenue of $4.80 billion for the quarter, compared to analyst estimates of $4.68 billion. Sell-side analysts forecast that Atlas Copco AB will post 0.55 earnings per share for the current fiscal year.

Atlas Copco Company Profile

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.