Atlas Copco (OTCMKTS:ATLKY) Reaches New 1-Year High – Here’s What Happened

Atlas Copco AB (OTCMKTS:ATLKY) hit a new 52-week high on Wednesday . The company traded as high as $18.55 and last traded at $18.15, with a volume of 9545 shares. The stock had previously closed at $18.18.

Analyst Ratings Changes

Several research analysts have recently weighed in on the company. UBS Group cut Atlas Copco to a “sell” rating in a research report on Tuesday, October 28th. BNP Paribas raised Atlas Copco from a “hold” rating to an “outperform” rating in a research report on Thursday, September 4th. Citigroup reissued a “buy” rating on shares of Atlas Copco in a research report on Tuesday, October 28th. Barclays upgraded shares of Atlas Copco from a “hold” rating to an “overweight” rating in a report on Wednesday, December 3rd. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Atlas Copco in a research note on Monday, October 27th. Three research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Atlas Copco has a consensus rating of “Hold”.

Atlas Copco Stock Performance

The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.09 and a current ratio of 1.52. The company has a market capitalization of $88.63 billion, a P/E ratio of 32.46, a PEG ratio of 8.96 and a beta of 1.40. The stock’s fifty day moving average price is $17.19 and its 200-day moving average price is $16.62.

Atlas Copco (OTCMKTS:ATLKY) last announced its quarterly earnings results on Thursday, October 23rd. The industrial products company reported $0.14 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.14. Atlas Copco had a return on equity of 25.42% and a net margin of 16.08%.The firm had revenue of $4.43 billion for the quarter, compared to the consensus estimate of $4.42 billion. As a group, research analysts anticipate that Atlas Copco AB will post 0.55 EPS for the current fiscal 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.