Atlas Copco (OTCMKTS:ATLKY) Sees Strong Trading Volume – Time to Buy?

Atlas Copco AB (OTCMKTS:ATLKY) saw unusually-high trading volume on Tuesday . Approximately 1,218,461 shares changed hands during trading, an increase of 349% from the previous session’s volume of 271,607 shares.The stock last traded at $17.22 and had previously closed at $16.8160.

Wall Street Analysts Forecast Growth

ATLKY has been the topic of a number of research reports. Barclays upgraded Atlas Copco from a “hold” rating to an “overweight” rating in a report on Wednesday, December 3rd. The Goldman Sachs Group cut shares of Atlas Copco from a “strong-buy” rating to a “neutral” rating in a research report on Thursday, February 5th. Sanford C. Bernstein raised shares of Atlas Copco from a “hold” rating to an “outperform” rating in a research note on Wednesday, January 7th. Pareto Securities lowered shares of Atlas Copco from a “buy” rating to a “hold” rating in a research report on Tuesday, January 27th. Finally, Citigroup reiterated a “buy” rating on shares of Atlas Copco in a report on Thursday, January 22nd. Four equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold”.

Atlas Copco Stock Performance

The firm has a fifty day moving average price of $20.04 and a 200 day moving average price of $18.46. The company has a current ratio of 1.55, a quick ratio of 1.08 and a debt-to-equity ratio of 0.26. The firm has a market cap of $85.31 billion, a PE ratio of 31.82, a price-to-earnings-growth ratio of 2.43 and a beta of 1.41.

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