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

AB Volvo (OTCMKTS:VLVLY) saw an uptick in trading volume on Wednesday . 362,975 shares changed hands during trading, an increase of 115% from the previous session’s volume of 168,923 shares.The stock last traded at $33.1940 and had previously closed at $32.72.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on VLVLY. The Goldman Sachs Group raised AB Volvo from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, January 7th. Citigroup upgraded AB Volvo from a “hold” rating to a “strong-buy” rating in a research report on Friday, December 5th. UBS Group cut AB Volvo from a “strong-buy” rating to a “strong sell” rating in a research note on Tuesday, January 13th. Kepler Capital Markets reissued a “hold” rating on shares of AB Volvo in a research report on Friday, January 16th. Finally, Zacks Research upgraded shares of AB Volvo from a “strong sell” rating to a “hold” rating in a report on Friday, December 19th. Two investment 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 stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold”.

AB Volvo Trading Up 2.7%

The firm has a market capitalization of $68.32 billion, a PE ratio of 16.47, a price-to-earnings-growth ratio of 7.35 and a beta of 1.13. 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 fifty day moving average of $36.07 and a 200-day moving average of $32.03.

AB Volvo (OTCMKTS:VLVLY) last issued its earnings results on Wednesday, January 28th. The company reported $0.50 earnings per share for the quarter, topping the consensus estimate of $0.46 by $0.04. AB Volvo had a return on equity of 23.01% and a net margin of 8.47%.The company had revenue of $14.01 billion for the quarter, compared to analyst estimates of $13.42 billion. On average, sell-side analysts anticipate that AB Volvo will post 2.38 earnings per share 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.