Alfa Laval AB Unsponsored ADR (OTCMKTS:ALFVY) Sees Large Drop in Short Interest

Alfa Laval AB Unsponsored ADR (OTCMKTS:ALFVY) saw a significant decline in short interest during the month of April. As of April 30th, there was short interest totaling 3,472 shares, a decline of 73.2% from the April 15th total of 12,978 shares. Based on an average trading volume of 19,189 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.0% of the company’s shares are sold short.

Alfa Laval Stock Down 0.0%

Shares of OTCMKTS ALFVY opened at $58.30 on Friday. The stock has a 50 day moving average price of $57.45 and a 200 day moving average price of $53.90. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.75 and a current ratio of 1.18. The firm has a market capitalization of $24.10 billion, a price-to-earnings ratio of 27.89, a PEG ratio of 3.28 and a beta of 1.18. Alfa Laval has a 52-week low of $40.27 and a 52-week high of $62.95.

Alfa Laval (OTCMKTS:ALFVY) last issued its quarterly earnings results on Wednesday, April 22nd. The company reported $0.50 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.05). Alfa Laval had a return on equity of 19.77% and a net margin of 11.83%.The business had revenue of $1.74 billion for the quarter, compared to analyst estimates of $1.78 billion. Sell-side analysts expect that Alfa Laval will post 2.4 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages have weighed in on ALFVY. Pareto Securities cut Alfa Laval from a “buy” rating to a “hold” rating in a research note on Wednesday, April 8th. Citigroup reaffirmed a “neutral” rating on shares of Alfa Laval in a research note on Thursday, April 9th. Zacks Research cut Alfa Laval from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 3rd. Morgan Stanley reaffirmed an “underweight” rating on shares of Alfa Laval in a research note on Monday, February 23rd. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Alfa Laval in a research note on Thursday, February 5th. Three analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold”.

Alfa Laval Company Profile

Alfa Laval is an industrial engineering company specializing in heat transfer, separation and fluid handling technologies. Its product portfolio includes plate and tubular heat exchangers, separators and decanter centrifuges, pumps, valves and complete process systems designed to control temperature, separate liquids and solids, and move fluids reliably through industrial processes. The company supplies both standardized components and engineered systems for integration into customer plants and vessels.

The company serves a broad set of end markets including energy and power, marine and offshore, food and beverage processing, water and wastewater treatment, chemical and pharmaceutical production, and pulp and paper.