AB Volvo (OTCMKTS:VLVLY) Sees Large Volume Increase – Here’s Why

AB Volvo (OTCMKTS:VLVLY) saw unusually-high trading volume on Monday . 170,187 shares were traded during mid-day trading, an increase of 11% from the previous session’s volume of 153,501 shares.The stock last traded at $33.05 and had previously closed at $33.25.

Analysts Set New Price Targets

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

AB Volvo Stock Performance

The company has a debt-to-equity ratio of 0.80, a current ratio of 1.19 and a quick ratio of 0.91. The company has a market cap of $68.97 billion, a price-to-earnings ratio of 16.71, a PEG ratio of 0.75 and a beta of 1.18. The firm has a 50 day simple moving average of $34.06 and a 200-day simple moving average of $34.48.

AB Volvo (OTCMKTS:VLVLY) last announced its quarterly earnings results on Friday, April 24th. The company reported $0.45 earnings per share for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.06). AB Volvo had a net margin of 8.32% and a return on equity of 22.17%. The company had revenue of $11.98 billion for the quarter, compared to analyst estimates of $12.42 billion. As a group, analysts predict that AB Volvo will post 2.28 EPS for the current fiscal year.

About AB Volvo

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.