AB Volvo (OTCMKTS:VLVLY) Trading Up 1.5% – Here’s Why

AB Volvo (OTCMKTS:VLVLY)’s stock price was up 1.5% during trading on Monday . The company traded as high as $34.33 and last traded at $34.12. Approximately 311,044 shares traded hands during mid-day trading, an increase of 276% from the average daily volume of 82,642 shares. The stock had previously closed at $33.6270.

Wall Street Analysts Forecast Growth

Separately, Royal Bank Of Canada downgraded AB Volvo from an “outperform” rating to a “sector perform” rating in a research note on Friday, February 13th. Two research analysts have rated the stock with a Strong Buy rating, six have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold”.

AB Volvo Stock Down 5.4%

The firm has a market capitalization of $65.21 billion, a price-to-earnings ratio of 15.80, a P/E/G ratio of 0.75 and a beta of 1.18. The stock has a 50 day moving average of $34.28 and a 200 day moving average of $34.12. 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 issued its earnings results on Friday, April 24th. The company reported $0.45 EPS for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.06). AB Volvo had a net margin of 8.32% and a return on equity of 22.17%. The company had revenue of $11.98 billion during the quarter, compared to analyst estimates of $12.42 billion. As a group, analysts expect that AB Volvo will post 2.33 earnings per share for the current fiscal 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.