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

AB Volvo (OTCMKTS:VLVLY) shares saw unusually-strong trading volume on Wednesday . Approximately 362,975 shares were traded during trading, an increase of 115% from the previous session’s volume of 168,923 shares.The stock last traded at $33.1940 and had previously closed at $32.72.

Analyst Ratings Changes

Several research firms recently issued reports on VLVLY. Zacks Research raised shares of AB Volvo from a “strong sell” rating to a “hold” rating in a research note on Friday, December 19th. Citigroup upgraded AB Volvo from a “hold” rating to a “strong-buy” rating in a report on Friday, December 5th. Royal Bank Of Canada downgraded AB Volvo from an “outperform” rating to a “sector perform” rating in a research note on Friday, February 13th. The Goldman Sachs Group raised AB Volvo from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 7th. Finally, UBS Group downgraded AB Volvo from a “strong-buy” rating to a “strong sell” rating in a research note on Tuesday, January 13th. Two research analysts have rated the stock with a Strong Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold”.

AB Volvo Stock Up 2.7%

The stock has a market cap of $68.32 billion, a P/E ratio of 16.47, a P/E/G ratio of 7.35 and a beta of 1.13. The company has a current ratio of 1.12, a quick ratio of 0.85 and a debt-to-equity ratio of 0.79. The firm’s fifty day moving average is $36.07 and its 200 day moving average is $32.03.

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

About AB Volvo

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.