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

Atlas Copco AB (OTCMKTS:ATLKY) shares saw strong trading volume on Monday . 766,577 shares traded hands during trading, an increase of 94% from the previous session’s volume of 394,616 shares.The stock last traded at $19.29 and had previously closed at $18.91.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Atlas Copco in a report on Wednesday, April 29th. Citigroup reissued a “buy” rating on shares of Atlas Copco in a report on Thursday, April 9th. Rothschild & Co Redburn raised Atlas Copco from a “hold” rating to a “strong-buy” rating in a report on Monday, April 20th. Finally, Royal Bank Of Canada reaffirmed an “underperform” rating on shares of Atlas Copco in a research note on Thursday, April 30th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, three have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold”.

Atlas Copco Stock Performance

The firm has a market cap of $94.35 billion, a price-to-earnings ratio of 34.59, a P/E/G ratio of 2.22 and a beta of 1.44. The stock has a 50 day moving average of $19.12 and a 200 day moving average of $19.14. The company has a quick ratio of 1.08, a current ratio of 1.55 and a debt-to-equity ratio of 0.26.

Atlas Copco (OTCMKTS:ATLKY) last posted its quarterly earnings results on Tuesday, April 28th. The industrial products company reported $0.14 EPS for the quarter, meeting analysts’ consensus estimates of $0.14. The business had revenue of $4.36 billion during the quarter, compared to the consensus estimate of $4.46 billion. Atlas Copco had a return on equity of 25.21% and a net margin of 15.69%. As a group, analysts anticipate that Atlas Copco AB will post 0.66 EPS for the current fiscal year.

About Atlas Copco

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.