AB Volvo (OTCMKTS:VLVLY) Sees Unusually-High Trading Volume – Should You Buy?

AB Volvo (OTCMKTS:VLVLY) saw strong trading volume on Tuesday. 590,322 shares were traded during mid-day trading, an increase of 237% from the average daily volume of 175,002 shares. The stock last traded at $32.37 and had previously closed at $32.4620.

Analysts Set New Price Targets

A number of research firms have recently weighed in on VLVLY. Zacks Research lowered AB Volvo from a “hold” rating to a “strong sell” rating in a research note on Monday, October 5th. Citigroup downgraded shares of AB Volvo from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 2nd. Finally, Erste Group Bank cut AB Volvo from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 21st. Two equities research analysts have rated the stock with a Strong Buy rating, six have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, AB Volvo presently has a consensus rating of “Hold”.

AB Volvo Stock Performance

The stock’s 50-day moving average is $32.80 and its 200-day moving average is $34.70. The company has a current ratio of 1.10, a quick ratio of 0.82 and a debt-to-equity ratio of 0.85. The stock has a market cap of $65.94 billion, a price-to-earnings ratio of 15.90, a P/E/G ratio of 0.83 and a beta of 1.24.

AB Volvo (OTCMKTS:VLVLY) last announced its quarterly earnings data on Friday, October 23rd. The company reported $0.55 earnings per share for the quarter, hitting the consensus estimate of $0.55. The company had revenue of $12.04 billion during the quarter, compared to analyst estimates of $12.53 billion. AB Volvo had a net margin of 8.12% and a return on equity of 21.50%. On average, analysts expect that AB Volvo will post 2.11 EPS for the current year.

AB Volvo Company Profile

AB Volvo, commonly known as the Volvo Group, is a Swedish manufacturer of commercial vehicles and industrial equipment. Founded in Gothenburg in 1927, the company operates separately from Volvo Cars. Its products include trucks, buses, construction equipment, and engines for marine and industrial applications. The group also provides aftermarket services, such as maintenance, repairs, and parts, as well as financing and other customer services. AB Volvo serves customers across markets worldwide through a network of manufacturing, sales, and service operations.