Atlas Copco (OTCMKTS:ATLKY) Sees Unusually-High Trading Volume – What’s Next?

Atlas Copco AB (OTCMKTS:ATLKY) shares saw an uptick in trading volume on Monday . 766,577 shares changed hands during trading, an increase of 94% from the previous session’s volume of 394,616 shares.The stock last traded at $19.29 and had previously closed at $18.91.

Wall Street Analysts Forecast Growth

Several brokerages have commented on ATLKY. Royal Bank Of Canada restated an “underperform” rating on shares of Atlas Copco in a report on Thursday, April 30th. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Atlas Copco in a report on Wednesday, April 29th. Citigroup restated a “buy” rating on shares of Atlas Copco in a report on Thursday, April 9th. Finally, Rothschild & Co Redburn upgraded shares of Atlas Copco from a “hold” rating to a “strong-buy” rating in a report on Monday, April 20th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold”.

Atlas Copco Stock Performance

The company has a debt-to-equity ratio of 0.26, a current ratio of 1.55 and a quick ratio of 1.08. The stock’s 50-day simple moving average is $19.12 and its 200 day simple moving average is $19.14. The stock has a market capitalization of $94.35 billion, a P/E ratio of 34.59, a PEG ratio of 2.22 and a beta of 1.44.

Atlas Copco (OTCMKTS:ATLKY) last released its quarterly earnings data on Tuesday, April 28th. 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 15.69% and a return on equity of 25.21%. The firm had revenue of $4.36 billion during the quarter, compared to analysts’ expectations of $4.46 billion. Research analysts expect that Atlas Copco AB will post 0.66 EPS for the current fiscal 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.