Atlas Copco (OTCMKTS:ATLKY) Sees Large Volume Increase – What’s Next?

Atlas Copco AB (OTCMKTS:ATLKY) saw strong trading volume on Tuesday . 1,218,461 shares were traded during mid-day trading, an increase of 349% from the previous session’s volume of 271,607 shares.The stock last traded at $17.22 and had previously closed at $16.8160.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on ATLKY. Citigroup reissued a “buy” rating on shares of Atlas Copco in a research report on Thursday, January 22nd. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Atlas Copco in a report on Friday, January 16th. Barclays upgraded Atlas Copco from a “hold” rating to an “overweight” rating in a report on Wednesday, December 3rd. The Goldman Sachs Group downgraded Atlas Copco from a “strong-buy” rating to a “neutral” rating in a research note on Thursday, February 5th. Finally, Sanford C. Bernstein upgraded Atlas Copco from a “hold” rating to an “outperform” rating in a report on Wednesday, January 7th. Four equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Atlas Copco has a consensus rating of “Hold”.

Atlas Copco Price Performance

The company has a quick ratio of 1.08, a current ratio of 1.55 and a debt-to-equity ratio of 0.26. The firm has a market cap of $87.56 billion, a P/E ratio of 32.65, a price-to-earnings-growth ratio of 2.28 and a beta of 1.47. The stock’s 50-day moving average is $19.92 and its 200-day moving average is $18.47.

Atlas Copco (OTCMKTS:ATLKY) last issued its quarterly earnings results on Tuesday, January 27th. The industrial products company reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.15 by ($0.01). Atlas Copco had a net margin of 15.70% and a return on equity of 24.94%. The firm had revenue of $4.80 billion for the quarter, compared to the consensus estimate of $4.68 billion. As a group, equities analysts anticipate that Atlas Copco AB will post 0.55 EPS for the current fiscal year.

About Atlas Copco

Atlas Copco is a Sweden-based industrial group that develops, manufactures and services equipment and solutions for professional customers in a broad range of industries. The company’s core activities center on compressed air and gas systems, vacuum solutions, construction and mining equipment, industrial tools and assembly systems, and power and flow equipment. Products and services span new-equipment sales, aftermarket parts, maintenance and technical support aimed at improving productivity, energy efficiency and safety for industrial operations.

Key product categories include stationary and portable air compressors, air treatment and gas generation systems, industrial vacuum pumps, generators and light towers, drilling rigs and rock excavation equipment for mining and construction, as well as electric and pneumatic tools and automated assembly systems for manufacturing.