Atlas Copco (OTCMKTS:ATLKY) Sees Unusually-High Trading Volume – What’s Next?

Atlas Copco AB (OTCMKTS:ATLKY) shares saw unusually-high trading volume on Monday . Approximately 656,609 shares changed hands during trading, an increase of 149% from the previous session’s volume of 263,696 shares.The stock last traded at $20.85 and had previously closed at $20.82.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. Sanford C. Bernstein raised Atlas Copco from a “hold” rating to an “outperform” rating in a report on Wednesday, January 7th. The Goldman Sachs Group cut Atlas Copco from a “strong-buy” rating to a “neutral” rating in a report on Thursday, February 5th. Pareto Securities lowered Atlas Copco from a “buy” rating to a “hold” rating in a research note on Tuesday, January 27th. Citigroup restated a “buy” rating on shares of Atlas Copco in a report on Thursday, April 9th. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Atlas Copco in a research note on Friday, January 16th. Four research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Atlas Copco presently has an average 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 stock’s 50-day moving average price is $19.49 and its 200-day moving average price is $18.66. The company has a market capitalization of $101.80 billion, a price-to-earnings ratio of 38.00, a price-to-earnings-growth ratio of 2.70 and a beta of 1.47.

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

Atlas Copco Company Profile

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.