AB Volvo (OTCMKTS:VLVLY) Sees Large Volume Increase – What’s Next?

AB Volvo (OTCMKTS:VLVLY) saw an uptick in trading volume on Wednesday . 379,714 shares traded hands during mid-day trading, an increase of 171% from the previous session’s volume of 140,330 shares.The stock last traded at $32.19 and had previously closed at $33.90.

Analysts Set New Price Targets

Separately, Royal Bank Of Canada cut AB Volvo from an “outperform” rating to a “sector perform” rating in a research report on Friday, February 13th. Two research analysts have rated the stock with a Strong Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, AB Volvo has an average rating of “Hold”.

AB Volvo Trading Down 5.1%

The company has a debt-to-equity ratio of 0.80, a current ratio of 1.19 and a quick ratio of 0.91. The firm has a market cap of $65.41 billion, a PE ratio of 15.84, a PEG ratio of 0.75 and a beta of 1.18. The business has a 50-day moving average price of $34.28 and a two-hundred day moving average price of $34.12.

AB Volvo (OTCMKTS:VLVLY) last posted its quarterly earnings data on Friday, April 24th. The company reported $0.45 EPS for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.06). The company had revenue of $11.98 billion for the quarter, compared to analysts’ expectations of $12.42 billion. AB Volvo had a return on equity of 22.17% and a net margin of 8.32%. Analysts forecast that AB Volvo will post 2.33 EPS for the current year.

AB Volvo Company Profile

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.