Atlas Copco AB (OTCMKTS:ATLKY – Get Free Report)’s stock price gapped down prior to trading on Tuesday. The stock had previously closed at $19.98, but opened at $19.17. Atlas Copco shares last traded at $19.21, with a volume of 9,133 shares.
Wall Street Analysts Forecast Growth
A number of research firms have weighed in on ATLKY. The Goldman Sachs Group upgraded Atlas Copco from a “neutral” rating to a “buy” rating in a report on Wednesday, July 22nd. Citigroup reiterated a “buy” rating on shares of Atlas Copco in a report on Tuesday, October 13th. Royal Bank Of Canada reissued an “underperform” rating on shares of Atlas Copco in a research report on Wednesday, August 5th. Finally, Morgan Stanley reissued an “overweight” rating on shares of Atlas Copco in a research report on Tuesday, September 1st. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy”.
Get Our Latest Analysis on ATLKY
Atlas Copco Stock Performance
The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.87 and a current ratio of 1.27. The stock has a market cap of $94.20 billion, a P/E ratio of 33.93, a price-to-earnings-growth ratio of 1.56 and a beta of 1.39. The firm’s 50 day moving average is $21.04 and its 200 day moving average is $20.24.
About Atlas Copco
Atlas Copco AB is a Sweden-based industrial technology company that develops and manufactures equipment, systems and services for a broad range of industrial applications. Its principal business areas include compressed-air and gas equipment, vacuum solutions, industrial tools and assembly systems, and power and flow equipment.
The company’s offerings include air compressors, dryers and treatment systems; vacuum pumps and related equipment; pneumatic, electric and battery-powered tools; automated assembly solutions; generators, pumps and construction equipment.
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