AB Volvo (OTCMKTS:VLVLY) Shares Gap Up – What’s Next?

Shares of AB Volvo (OTCMKTS:VLVLY) gapped up before the market opened on Friday . The stock had previously closed at $32.52, but opened at $33.56. AB Volvo shares last traded at $33.50, with a volume of 2,339 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Pareto Securities raised shares of AB Volvo to a “strong-buy” rating in a report on Thursday, June 11th. Three investment analysts have rated the stock with a Strong Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy”.

AB Volvo Trading Down 1.4%

The stock has a market cap of $67.69 billion, a P/E ratio of 16.40, a price-to-earnings-growth ratio of 0.73 and a beta of 1.18. The stock’s 50-day moving average is $34.14 and its two-hundred day moving average is $34.43. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.19 and a quick ratio of 0.91.

AB Volvo (OTCMKTS:VLVLY) last released its quarterly earnings data on Friday, April 24th. The company reported $0.45 EPS for the quarter, missing the consensus estimate of $0.51 by ($0.06). The company had revenue of $11.98 billion for the quarter, compared to the consensus estimate of $12.42 billion. AB Volvo had a net margin of 8.32% and a return on equity of 22.17%. Equities research analysts anticipate that AB Volvo will post 2.28 EPS for the current year.

AB Volvo Company Profile

AB Volvo (Volvo Group) is a Swedish multinational manufacturing company headquartered in Gothenburg. The company designs, manufactures and sells a broad range of commercial vehicles and related systems, including heavy- and medium-duty trucks, buses, and construction equipment. In addition to vehicles and machinery, Volvo supplies marine and industrial power systems through its Volvo Penta division and offers parts, service, telematics and financing solutions to commercial customers worldwide.

Key product and business lines include Volvo Trucks and Mack-branded heavy trucks, a global bus and coach offering, Volvo Construction Equipment, and power systems for marine and industrial applications.