Atlas Copco (OTCMKTS:ATLKY) Shares Gap Down – Here’s What Happened

Atlas Copco AB (OTCMKTS:ATLKY)’s share price gapped down prior to trading on Tuesday. The stock had previously closed at $19.98, but opened at $19.17. Atlas Copco shares last traded at $19.21, with a volume of 9,133 shares changing hands.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on ATLKY shares. Royal Bank Of Canada reaffirmed an “underperform” rating on shares of Atlas Copco in a research report on Wednesday, August 5th. The Goldman Sachs Group raised shares of Atlas Copco from a “neutral” rating to a “buy” rating in a research note on Wednesday, July 22nd. Morgan Stanley reiterated an “overweight” rating on shares of Atlas Copco in a report on Tuesday, September 1st. Finally, Citigroup reiterated a “buy” rating on shares of Atlas Copco in a report on Tuesday, October 13th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, two have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat, Atlas Copco has a consensus rating of “Moderate Buy”.

Atlas Copco Trading Down 3.2%

The stock’s 50 day moving average is $21.04 and its two-hundred day moving average is $20.24. The company has a market capitalization of $94.20 billion, a PE ratio of 33.93, a price-to-earnings-growth ratio of 1.56 and a beta of 1.39. The company has a quick ratio of 0.87, a current ratio of 1.27 and a debt-to-equity ratio of 0.25.

Atlas Copco Company Profile

Atlas Copco AB is a Sweden-based industrial technology company that develops and manufactures equipment, systems and services for a broad range of industrial applications. Its principal business areas include compressed-air and gas equipment, vacuum solutions, industrial tools and assembly systems, and power and flow equipment.

The company’s offerings include air compressors, dryers and treatment systems; vacuum pumps and related equipment; pneumatic, electric and battery-powered tools; automated assembly solutions; generators, pumps and construction equipment.