Atlas Copco (OTCMKTS:ATLKY) Sees Strong Trading Volume – Still a Buy?

Atlas Copco AB (OTCMKTS:ATLKY) saw an uptick in trading volume on Tuesday . 1,787,365 shares traded hands during trading, an increase of 383% from the previous session’s volume of 370,206 shares.The stock last traded at $18.1950 and had previously closed at $17.82.

Analyst Ratings Changes

ATLKY has been the topic of a number of analyst reports. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Atlas Copco in a research note on Monday, October 27th. Barclays upgraded Atlas Copco from a “hold” rating to an “overweight” rating in a research report on Wednesday, December 3rd. BNP Paribas upgraded shares of Atlas Copco from a “hold” rating to an “outperform” rating in a research report on Thursday, September 4th. Citigroup reaffirmed a “buy” rating on shares of Atlas Copco in a research note on Tuesday, October 28th. Finally, UBS Group cut shares of Atlas Copco to a “sell” rating in a research note on Tuesday, October 28th. Three analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Hold”.

Atlas Copco Price Performance

The firm has a market capitalization of $88.70 billion, a PE ratio of 32.49, a P/E/G ratio of 8.89 and a beta of 1.40. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.52 and a quick ratio of 1.09. The business’s 50 day moving average is $17.17 and its two-hundred day moving average is $16.61.

Atlas Copco (OTCMKTS:ATLKY) last issued its quarterly earnings results on Thursday, October 23rd. The industrial products company reported $0.14 EPS for the quarter, hitting analysts’ consensus estimates of $0.14. Atlas Copco had a net margin of 16.08% and a return on equity of 25.42%. The firm had revenue of $4.43 billion for the quarter, compared to analyst estimates of $4.42 billion. As a group, research analysts anticipate that Atlas Copco AB will post 0.55 EPS for the current year.

Atlas Copco Company Profile

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.