Alfa Laval (OTCMKTS:ALFVY) Stock Price Down 1.8% – What’s Next?

Alfa Laval AB Unsponsored ADR (OTCMKTS:ALFVY)’s share price dropped 1.8% during mid-day trading on Tuesday . The company traded as low as $45.6175 and last traded at $45.99. Approximately 10,540 shares traded hands during mid-day trading, a decline of 49% from the average daily volume of 20,770 shares. The stock had previously closed at $46.8475.

Analysts Set New Price Targets

ALFVY has been the topic of a number of research analyst reports. Nordea Equity Research upgraded Alfa Laval from a “sell” rating to a “hold” rating in a research report on Wednesday, July 23rd. Zacks Research upgraded shares of Alfa Laval from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 28th. Royal Bank Of Canada reiterated an “outperform” rating on shares of Alfa Laval in a research report on Wednesday, October 29th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Alfa Laval in a research report on Wednesday, October 29th. Finally, Citigroup reiterated a “neutral” rating on shares of Alfa Laval in a report on Wednesday, July 30th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, Alfa Laval has a consensus rating of “Moderate Buy”.

Alfa Laval Price Performance

The company has a debt-to-equity ratio of 0.24, a current ratio of 1.33 and a quick ratio of 0.89. The stock has a market capitalization of $19.01 billion, a price-to-earnings ratio of 23.11, a PEG ratio of 2.44 and a beta of 1.32. The business’s fifty day moving average price is $47.24 and its 200-day moving average price is $44.76.

About Alfa Laval

Alfa Laval Corporate AB provides heat transfer, separation, and fluid handling products and solutions worldwide. It operates in three divisions: Energy, Food & Water, and Marine. The company offers oil/gas-fired steam and composite steam boilers, exhaust gas economizer, and ballast water treatment systems, and exhaust gas cleaning products.