AB Volvo (OTCMKTS:VLVLY) Sees Strong Trading Volume – Still a Buy?

AB Volvo (OTCMKTS:VLVLY) saw unusually-strong trading volume on Monday . 170,187 shares traded hands during trading, an increase of 11% from the previous session’s volume of 153,501 shares.The stock last traded at $33.05 and had previously closed at $33.25.

Wall Street Analysts Forecast Growth

Separately, Pareto Securities upgraded shares of AB Volvo to a “strong-buy” rating in a research report on Thursday, June 11th. Three investment analysts have rated the stock with a Strong Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy”.

AB Volvo Stock Up 0.2%

The company has a market capitalization of $67.77 billion, a P/E ratio of 16.42, a price-to-earnings-growth ratio of 0.75 and a beta of 1.18. The company has a 50-day moving average of $34.11 and a two-hundred day moving average of $34.44. The company has a quick ratio of 0.91, a current ratio of 1.19 and a debt-to-equity ratio of 0.80.

AB Volvo (OTCMKTS:VLVLY) last posted its quarterly earnings data on Friday, April 24th. The company reported $0.45 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.06). AB Volvo had a return on equity of 22.17% and a net margin of 8.32%.The firm had revenue of $11.98 billion during the quarter, compared to the consensus estimate of $12.42 billion. On average, research analysts predict that AB Volvo will post 2.28 EPS for the current year.

About AB Volvo

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.