Atlas Copco (OTCMKTS:ATLKY) Sees Unusually-High Trading Volume – Should You Buy?

Shares of Atlas Copco AB (OTCMKTS:ATLKY) saw unusually-high trading volume on Tuesday . Approximately 1,787,365 shares were traded during mid-day trading, an increase of 383% from the previous session’s volume of 370,206 shares.The stock last traded at $18.1950 and had previously closed at $17.82.

Wall Street Analyst Weigh In

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

Atlas Copco Price Performance

The company has a quick ratio of 1.09, a current ratio of 1.52 and a debt-to-equity ratio of 0.27. The stock’s 50-day moving average price is $17.20 and its 200 day moving average price is $16.63. The firm has a market cap of $88.48 billion, a price-to-earnings ratio of 32.41, a price-to-earnings-growth ratio of 9.14 and a beta of 1.40.

Atlas Copco (OTCMKTS:ATLKY) last issued its quarterly earnings results on Thursday, October 23rd. The industrial products company reported $0.14 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.14. Atlas Copco had a return on equity of 25.42% and a net margin of 16.08%.The firm had revenue of $4.43 billion for the quarter, compared to analyst estimates of $4.42 billion. Equities research analysts predict 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.