Atlas Copco AB (OTCMKTS:ATLKY) Short Interest Update

Atlas Copco AB (OTCMKTS:ATLKY) saw a significant increase in short interest in March. As of March 31st, there was short interest totaling 283,744 shares, an increase of 1,255.2% from the March 15th total of 20,938 shares. Based on an average daily trading volume, of 778,570 shares, the short-interest ratio is presently 0.4 days. Currently, 0.0% of the company’s stock are short sold.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on ATLKY shares. The Goldman Sachs Group lowered Atlas Copco from a “strong-buy” rating to a “neutral” rating in a research note on Thursday, February 5th. Sanford C. Bernstein upgraded Atlas Copco from a “hold” rating to an “outperform” rating in a research note on Wednesday, January 7th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Atlas Copco in a research note on Friday, January 16th. Pareto Securities lowered Atlas Copco from a “buy” rating to a “hold” rating in a research note on Tuesday, January 27th. Finally, Citigroup reiterated a “buy” rating on shares of Atlas Copco in a research note on Thursday. Four investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold”.

Atlas Copco Stock Performance

ATLKY stock traded down $0.04 during trading on Friday, reaching $19.35. 189,721 shares of the stock were exchanged, compared to its average volume of 274,690. Atlas Copco has a twelve month low of $14.89 and a twelve 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 company has a market capitalization of $94.33 billion, a P/E ratio of 35.18, a price-to-earnings-growth ratio of 2.50 and a beta of 1.47. The stock has a 50 day simple moving average of $19.59 and a 200-day simple moving average of $18.52.

Atlas Copco (OTCMKTS:ATLKY) last issued its quarterly earnings results on Tuesday, January 27th. The industrial products company reported $0.14 earnings per share (EPS) 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 firm had revenue of $4.80 billion for the quarter, compared to the consensus estimate of $4.68 billion. As a group, sell-side analysts anticipate that Atlas Copco will post 0.55 earnings per share 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.