Atlas Copco (OTCMKTS:ATLKY) Sees Strong Trading Volume – Should You Buy?

Shares of Atlas Copco AB (OTCMKTS:ATLKY) saw strong trading volume on Friday . 1,278,636 shares traded hands during mid-day trading, an increase of 237% from the previous session’s volume of 379,321 shares.The stock last traded at $19.1865 and had previously closed at $19.15.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the stock. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Atlas Copco in a research note on Wednesday, April 29th. Citigroup reaffirmed a “buy” rating on shares of Atlas Copco in a research note on Thursday, April 9th. The Goldman Sachs Group downgraded shares of Atlas Copco from a “strong-buy” rating to a “neutral” rating in a research note on Thursday, February 5th. Royal Bank Of Canada reaffirmed an “underperform” rating on shares of Atlas Copco in a research note on Thursday, April 30th. Finally, Rothschild & Co Redburn raised shares of Atlas Copco from a “hold” rating to a “strong-buy” rating in a research report on Monday, April 20th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, three have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold”.

Atlas Copco Trading Up 0.2%

The company has a quick ratio of 1.08, a current ratio of 1.55 and a debt-to-equity ratio of 0.26. The firm’s 50-day moving average price is $18.90 and its 200 day moving average price is $19.03. The company has a market capitalization of $93.47 billion, a P/E ratio of 34.27, a P/E/G ratio of 2.28 and a beta of 1.47.

Atlas Copco (OTCMKTS:ATLKY) last posted its earnings results on Tuesday, April 28th. The industrial products company reported $0.14 EPS for the quarter, hitting the consensus estimate of $0.14. The company had revenue of $4.36 billion during the quarter, compared to the consensus estimate of $4.46 billion. Atlas Copco had a net margin of 15.69% and a return on equity of 25.21%. As a group, equities research analysts predict that Atlas Copco AB will post 0.66 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.