Atlas Copco AB (OTCMKTS:ATLKY) Short Interest Update

Atlas Copco AB (OTCMKTS:ATLKY) saw a significant drop in short interest in the month of February. As of February 27th, there was short interest totaling 30,349 shares, a drop of 94.2% from the February 12th total of 525,347 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 343,211 shares, the short-interest ratio is currently 0.1 days. Based on an average daily trading volume, of 343,211 shares, the short-interest ratio is currently 0.1 days. Approximately 0.0% of the shares of the stock are short sold.

Analysts Set New Price Targets

ATLKY has been the subject of a number of research analyst reports. 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. Pareto Securities lowered shares of Atlas Copco from a “buy” rating to a “hold” rating in a research report on Tuesday, January 27th. Barclays raised Atlas Copco from a “hold” rating to an “overweight” rating in a research note on Wednesday, December 3rd. Sanford C. Bernstein raised Atlas Copco from a “hold” rating to an “outperform” rating in a research note on Wednesday, January 7th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Atlas Copco in a report on Friday, January 16th. Four equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Atlas Copco has a consensus rating of “Hold”.

Atlas Copco Stock Down 0.5%

ATLKY opened at $19.27 on Thursday. Atlas Copco has a 12 month low of $13.41 and a 12 month high of $22.05. The company has a current ratio of 1.55, a quick ratio of 1.08 and a debt-to-equity ratio of 0.26. The business’s 50-day moving average price is $20.55 and its 200-day moving average price is $18.33. The company has a market cap of $93.94 billion, a P/E ratio of 35.04, a P/E/G ratio of 2.66 and a beta of 1.41.

Atlas Copco (OTCMKTS:ATLKY) last issued its earnings results on Tuesday, January 27th. The industrial products company reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.15 by ($0.01). Atlas Copco had a net margin of 15.70% and a return on equity of 24.94%. The company had revenue of $4.80 billion for the quarter, compared to analysts’ expectations of $4.68 billion. On average, equities analysts expect that Atlas Copco will post 0.55 EPS for the current 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.