AB Volvo (OTCMKTS:VLVLY) Sees Unusually-High Trading Volume – Still a Buy?

AB Volvo (OTCMKTS:VLVLY) saw unusually-strong trading volume on Friday . Approximately 81,076 shares changed hands during mid-day trading, an increase of 3% from the previous session’s volume of 79,041 shares.The stock last traded at $38.04 and had previously closed at $39.04.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the stock. Citigroup upgraded shares of AB Volvo from a “hold” rating to a “strong-buy” rating in a report on Friday, December 5th. Kepler Capital Markets reaffirmed a “hold” rating on shares of AB Volvo in a research report on Friday, January 16th. Morgan Stanley cut AB Volvo from an “overweight” rating to an “equal weight” rating in a research note on Tuesday, January 13th. Royal Bank Of Canada cut AB Volvo from an “outperform” rating to a “sector perform” rating in a research note on Friday. Finally, The Goldman Sachs Group raised AB Volvo from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, January 7th. Two analysts have rated the stock with a Strong Buy rating, six have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat, AB Volvo has a consensus rating of “Hold”.

AB Volvo Trading Down 1.3%

The company has a debt-to-equity ratio of 0.79, a current ratio of 1.12 and a quick ratio of 0.85. The company has a market cap of $78.34 billion, a P/E ratio of 18.88, a P/E/G ratio of 9.23 and a beta of 1.15. The stock’s 50-day moving average is $33.99 and its two-hundred day moving average is $30.70.

AB Volvo (OTCMKTS:VLVLY) last released its quarterly earnings results on Wednesday, January 28th. The company reported $0.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.46 by $0.04. The firm had revenue of $14.01 billion for the quarter, compared to the consensus estimate of $13.42 billion. AB Volvo had a return on equity of 23.01% and a net margin of 8.47%. As a group, equities research analysts predict that AB Volvo will post 2.38 earnings per share for the current fiscal 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.