Atlas Copco (OTCMKTS:ATLKY) Shares Gap Down – What’s Next?

Atlas Copco AB (OTCMKTS:ATLKY) shares gapped down before the market opened on Wednesday . The stock had previously closed at $17.92, but opened at $17.23. Atlas Copco shares last traded at $17.33, with a volume of 3,851 shares trading hands.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on ATLKY shares. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Atlas Copco in a research report on Monday, October 27th. Barclays upgraded Atlas Copco from a “hold” rating to an “overweight” rating in a report on Wednesday, December 3rd. UBS Group cut shares of Atlas Copco to a “sell” rating in a research note on Tuesday, October 28th. Citigroup restated a “buy” rating on shares of Atlas Copco in a research note on Tuesday, October 28th. Finally, BNP Paribas raised shares of Atlas Copco from a “hold” rating to an “outperform” rating in a research note on Thursday, September 4th. Three analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Atlas Copco has an average rating of “Hold”.

Atlas Copco Stock Up 2.2%

The stock has a market capitalization of $85.61 billion, a P/E ratio of 31.36, a price-to-earnings-growth ratio of 8.64 and a beta of 1.40. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.52 and a quick ratio of 1.09. The firm has a 50 day moving average of $17.16 and a 200-day moving average of $16.58.

Atlas Copco (OTCMKTS:ATLKY) last released its earnings results on Thursday, October 23rd. The industrial products company reported $0.14 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.14. Atlas Copco had a return on equity of 25.42% and a net margin of 16.08%.The business had revenue of $4.43 billion during the quarter, compared to the consensus estimate of $4.42 billion. On average, equities research analysts expect that Atlas Copco AB will post 0.55 earnings per share for the current fiscal year.

Atlas Copco Company Profile

Atlas Copco AB provides compressed air and gas, vacuum, energy, dewatering and industrial pump, industrial power tool, and assembly and machine vision solutions in North America, South America, Europe, Africa, the Middle East, Asia, and Oceania. It operates through Compressor Technique, Vacuum Technique, Industrial Technique, and Power Technique segments.