AB Volvo (OTCMKTS:VLVLY) Shares Gap Up – What’s Next?

AB Volvo (OTCMKTS:VLVLY) shares gapped up before the market opened on Friday . The stock had previously closed at $32.52, but opened at $33.56. AB Volvo shares last traded at $33.50, with a volume of 2,339 shares trading hands.

Analyst Ratings Changes

Separately, Pareto Securities upgraded shares of AB Volvo to a “strong-buy” rating in a research report on Thursday, June 11th. Three equities research analysts have rated the stock with a Strong Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy”.

AB Volvo Trading Down 1.4%

The company has a quick ratio of 0.91, a current ratio of 1.19 and a debt-to-equity ratio of 0.80. The firm has a market capitalization of $67.69 billion, a PE ratio of 16.40, a PEG ratio of 0.73 and a beta of 1.18. The stock’s fifty day simple moving average is $34.14 and its 200 day simple moving average is $34.43.

AB Volvo (OTCMKTS:VLVLY) last issued its quarterly earnings results on Friday, April 24th. The company reported $0.45 earnings per share for the quarter, missing the consensus estimate of $0.51 by ($0.06). The business 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%. On average, sell-side analysts predict that AB Volvo will post 2.28 earnings per share 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.