Atlas Copco AB (OTCMKTS:ATLKY) Short Interest Update

Atlas Copco AB (OTCMKTS:ATLKY) was the recipient of a significant drop in short interest during the month of March. As of March 13th, there was short interest totaling 20,938 shares, a drop of 31.0% from the February 26th total of 30,349 shares. Based on an average daily trading volume, of 463,736 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the shares of the company are short sold.

Atlas Copco Stock Performance

Shares of ATLKY stock traded down $0.26 during trading hours on Friday, reaching $16.87. 721,856 shares of the company’s stock were exchanged, compared to its average volume of 254,342. The company has a market cap of $82.24 billion, a P/E ratio of 30.67, a price-to-earnings-growth ratio of 2.47 and a beta of 1.41. The company’s 50 day moving average is $20.12 and its two-hundred day moving average is $18.44. Atlas Copco has a 1 year low of $13.41 and a 1 year high of $22.05. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.55 and a quick ratio of 1.08.

Atlas Copco (OTCMKTS:ATLKY) last posted its quarterly earnings results on Tuesday, January 27th. The industrial products company reported $0.14 earnings per share for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.01). The business had revenue of $4.80 billion during the quarter, compared to analysts’ expectations of $4.68 billion. Atlas Copco had a net margin of 15.70% and a return on equity of 24.94%. Equities research analysts anticipate that Atlas Copco will post 0.55 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have commented on the company. Pareto Securities downgraded Atlas Copco from a “buy” rating to a “hold” rating in a research note on Tuesday, January 27th. The Goldman Sachs Group downgraded Atlas Copco from a “strong-buy” rating to a “neutral” rating in a research note on Thursday, February 5th. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Atlas Copco in a research note on Friday, January 16th. Barclays raised Atlas Copco from a “hold” rating to an “overweight” rating in a report on Wednesday, December 3rd. Finally, Sanford C. Bernstein raised 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 given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold”.

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.