Atlas Copco (OTCMKTS:ATLKY) Sees Large Volume Increase – Time to Buy?

Shares of Atlas Copco AB (OTCMKTS:ATLKY) saw unusually-high trading volume on Wednesday . Approximately 1,351,520 shares changed hands during trading, an increase of 335% from the previous session’s volume of 310,415 shares.The stock last traded at $20.1775 and had previously closed at $19.00.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Atlas Copco in a report on Wednesday, April 29th. Royal Bank Of Canada restated an “underperform” rating on shares of Atlas Copco in a report on Thursday, April 30th. The Goldman Sachs Group lowered shares of Atlas Copco from a “strong-buy” rating to a “neutral” rating in a report on Thursday, February 5th. Citigroup restated a “buy” rating on shares of Atlas Copco in a research report on Thursday, April 9th. Finally, Pareto Securities lowered Atlas Copco from a “buy” rating to a “hold” rating in a report on Tuesday, January 27th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, three have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold”.

Atlas Copco Stock Up 0.8%

The firm’s 50-day moving average is $19.10 and its 200 day moving average is $18.84. The firm has a market capitalization of $96.12 billion, a P/E ratio of 35.24, a PEG ratio of 2.30 and a beta of 1.47. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.08 and a current ratio of 1.55.

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

About Atlas Copco

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.