AB Volvo (OTCMKTS:VLVLY) Stock Price Up 1.5% – Still a Buy?

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

Analyst Upgrades and Downgrades

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

AB Volvo Trading Up 1.5%

The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.91 and a current ratio of 1.19. The firm has a market capitalization of $69.38 billion, a price-to-earnings ratio of 16.81, a PEG ratio of 0.74 and a beta of 1.18. The company has a 50-day moving average price of $34.23 and a 200-day moving average price of $34.08.

AB Volvo (OTCMKTS:VLVLY) last posted its 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%. As a group, research analysts forecast that AB Volvo will post 2.33 EPS 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.