Atlas Copco AB (OTCMKTS:ATLKY) Short Interest Update

Atlas Copco AB (OTCMKTS:ATLKY) saw a significant decrease in short interest in March. As of March 13th, there was short interest totaling 20,938 shares, a decrease of 31.0% from the February 26th total of 30,349 shares. Based on an average daily trading volume, of 463,736 shares, the short-interest ratio is currently 0.0 days. Approximately 0.0% of the company’s shares are sold short.

Wall Street Analyst Weigh In

ATLKY has been the topic of several research reports. The Goldman Sachs Group cut Atlas Copco from a “strong-buy” rating to a “neutral” rating in a research report on Thursday, February 5th. Barclays upgraded Atlas Copco from a “hold” rating to an “overweight” rating in a research note on Wednesday, December 3rd. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Atlas Copco in a research report on Friday, January 16th. Citigroup reiterated a “buy” rating on shares of Atlas Copco in a report on Thursday, January 22nd. Finally, Sanford C. Bernstein raised Atlas Copco from a “hold” rating to an “outperform” rating in a research report on Wednesday, January 7th. Four investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold”.

Atlas Copco Stock Up 0.4%

Shares of OTCMKTS ATLKY traded up $0.07 on Monday, reaching $16.94. 143,275 shares of the company’s stock traded hands, compared to its average volume of 249,226. The business’s 50 day simple moving average is $20.12 and its two-hundred day simple moving average is $18.47. Atlas Copco has a 12 month low of $13.41 and a 12 month high of $22.05. The company has a market cap of $82.57 billion, a price-to-earnings ratio of 30.79, a price-to-earnings-growth ratio of 2.43 and a beta of 1.41. The company has a quick ratio of 1.08, a current ratio of 1.55 and a debt-to-equity ratio of 0.26.

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

About Atlas Copco

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.