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

Atlas Copco AB (OTCMKTS:ATLKY) shares saw unusually-strong trading volume on Friday . Approximately 1,278,636 shares were traded during 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 Analysts Forecast Growth

Several brokerages recently issued reports on ATLKY. Rothschild & Co Redburn upgraded shares of Atlas Copco from a “hold” rating to a “strong-buy” rating in a research note on Monday, April 20th. Citigroup reiterated a “buy” rating on shares of Atlas Copco in a research note on Thursday, April 9th. Royal Bank Of Canada reiterated an “underperform” rating on shares of Atlas Copco in a research note on Thursday, April 30th. 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. Finally, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Atlas Copco in a research note on Wednesday, April 29th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, three have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold”.

Atlas Copco Price Performance

The company’s fifty 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 PEG ratio of 2.28 and a beta of 1.47. The company has a quick ratio of 1.08, a current ratio of 1.55 and a debt-to-equity ratio of 0.26.

Atlas Copco (OTCMKTS:ATLKY) last announced its quarterly earnings data on Tuesday, April 28th. The industrial products company reported $0.14 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.14. The business had revenue of $4.36 billion for the quarter, compared to analysts’ expectations of $4.46 billion. Atlas Copco had a net margin of 15.69% and a return on equity of 25.21%. As a group, sell-side analysts forecast that Atlas Copco AB will post 0.66 EPS 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.