AB Volvo (OTCMKTS:VLVLY) Sees Large Volume Increase – Should You Buy?

Shares of AB Volvo (OTCMKTS:VLVLY) saw unusually-high trading volume on Tuesday. 590,322 shares were traded during trading, an increase of 237% from the average daily volume of 175,002 shares. The stock last traded at $32.37 and had previously closed at $32.4620.

Analysts Set New Price Targets

Several brokerages recently issued reports on VLVLY. Erste Group Bank lowered AB Volvo from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 21st. Zacks Research cut shares of AB Volvo from a “hold” rating to a “strong sell” rating in a research report on Monday, October 5th. Finally, Citigroup lowered AB Volvo from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 2nd. Two research analysts have rated the stock with a Strong Buy rating, six have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold”.

AB Volvo Price Performance

The firm has a market cap of $65.94 billion, a price-to-earnings ratio of 15.90, a PEG ratio of 0.83 and a beta of 1.24. The company’s fifty day moving average is $32.80 and its 200 day moving average is $34.70. The company has a quick ratio of 0.82, a current ratio of 1.10 and a debt-to-equity ratio of 0.85.

AB Volvo (OTCMKTS:VLVLY) last posted its earnings results on Friday, October 23rd. The company reported $0.55 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.55. The company had revenue of $12.04 billion during the quarter, compared to analysts’ expectations of $12.53 billion. AB Volvo had a net margin of 8.12% and a return on equity of 21.50%. On average, equities research analysts predict that AB Volvo will post 2.11 EPS for the current year.

About AB Volvo

AB Volvo, commonly known as the Volvo Group, is a Swedish manufacturer of commercial vehicles and industrial equipment. Founded in Gothenburg in 1927, the company operates separately from Volvo Cars. Its products include trucks, buses, construction equipment, and engines for marine and industrial applications. The group also provides aftermarket services, such as maintenance, repairs, and parts, as well as financing and other customer services. AB Volvo serves customers across markets worldwide through a network of manufacturing, sales, and service operations.