AB Volvo (OTCMKTS:VLVLY) Trading 1.5% Higher – Here’s What Happened

Shares of AB Volvo (OTCMKTS:VLVLY) rose 1.5% during mid-day trading on Monday . The stock traded as high as $34.33 and last traded at $34.12. Approximately 311,044 shares traded hands during mid-day trading, an increase of 276% from the average daily volume of 82,642 shares. The stock had previously closed at $33.6270.

Analyst Upgrades and Downgrades

Separately, Royal Bank Of Canada cut AB Volvo from an “outperform” rating to a “sector perform” rating in a report on Friday, February 13th. Two research analysts have rated the stock with a Strong Buy rating, six have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, AB Volvo currently has a consensus rating of “Hold”.

AB Volvo Price Performance

The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.91 and a current ratio of 1.19. The company has a market cap of $69.38 billion, a PE ratio of 16.81, a PEG ratio of 0.74 and a beta of 1.18. The company’s 50-day simple moving average is $34.23 and its 200 day simple moving average is $34.08.

AB Volvo (OTCMKTS:VLVLY) last posted its quarterly earnings data on Friday, April 24th. The company reported $0.45 earnings per share for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.06). The company had revenue of $11.98 billion for the quarter, compared to analysts’ expectations of $12.42 billion. AB Volvo had a return on equity of 22.17% and a net margin of 8.32%. On average, sell-side analysts predict that AB Volvo will post 2.33 earnings per share for the current fiscal year.

About AB Volvo

AB Volvo (Volvo Group) is a Swedish multinational manufacturing company headquartered in Gothenburg. The company designs, manufactures and sells a broad range of commercial vehicles and related systems, including heavy- and medium-duty trucks, buses, and construction equipment. In addition to vehicles and machinery, Volvo supplies marine and industrial power systems through its Volvo Penta division and offers parts, service, telematics and financing solutions to commercial customers worldwide.

Key product and business lines include Volvo Trucks and Mack-branded heavy trucks, a global bus and coach offering, Volvo Construction Equipment, and power systems for marine and industrial applications.