Alfa Laval AB Unsponsored ADR (OTCMKTS:ALFVY) Sees Significant Drop in Short Interest

Alfa Laval AB Unsponsored ADR (OTCMKTS:ALFVY) saw a significant drop in short interest during the month of September. As of September 30th, there was short interest totaling 92 shares, a drop of 95.6% from the September 15th total of 2,070 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average trading volume of 32,685 shares, the days-to-cover ratio is presently 0.0 days.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on ALFVY shares. Citigroup reaffirmed a “neutral” rating on shares of Alfa Laval in a research note on Friday, August 7th. Pareto Securities raised Alfa Laval from a “hold” rating to a “buy” rating in a research report on Wednesday, July 22nd. Danske lowered shares of Alfa Laval to a “hold” rating in a report on Tuesday, September 29th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Alfa Laval in a research report on Wednesday, July 22nd. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Alfa Laval in a research note on Thursday, July 30th. Four research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold”.

Alfa Laval Trading Up 2.8%

Alfa Laval stock traded up $1.55 during midday trading on Friday, reaching $57.87. 14,534 shares of the stock traded hands, compared to its average volume of 20,659. The firm has a market cap of $23.92 billion, a PE ratio of 27.43, a price-to-earnings-growth ratio of 3.94 and a beta of 1.12. The company has a current ratio of 1.12, a quick ratio of 0.69 and a debt-to-equity ratio of 0.19. The company has a 50-day simple moving average of $57.85 and a two-hundred day simple moving average of $57.83. Alfa Laval has a 12-month low of $44.78 and a 12-month high of $62.95.

Alfa Laval (OTCMKTS:ALFVY) last issued its quarterly earnings results on Tuesday, July 21st. The company reported $0.52 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.62 by ($0.10). The business had revenue of $1.87 billion for the quarter, compared to analysts’ expectations of $1.87 billion. Alfa Laval had a return on equity of 18.41% and a net margin of 11.63%. Research analysts expect that Alfa Laval will post 2.25 earnings per share for the current fiscal year.

Alfa Laval Company Profile

Alfa Laval AB is a Sweden-based industrial technology company that develops products and systems for heat transfer, separation and fluid handling. Its solutions are used to improve energy efficiency, support clean-water and wastewater treatment, process food and beverages, and handle industrial fluids in a range of applications.

The company’s offerings include heat exchangers, separators, decanters, pumps, valves, hygienic equipment and related process systems. Alfa Laval serves customers in industries such as energy, marine transportation, food and beverage, chemicals, pharmaceuticals, water treatment and general manufacturing.

Founded in 1883 by Swedish engineer Gustaf de Laval, the company has grown into a global business with sales, service operations and manufacturing activities across Europe, North America, Asia and other international markets.