Atlas Copco (OTCMKTS:ATLKY) Sees Unusually-High Trading Volume Following Analyst Upgrade

Shares of Atlas Copco AB (OTCMKTS:ATLKY) saw unusually-high trading volume on Monday after Rothschild & Co Redburn upgraded the stock from a hold rating to a strong-buy rating. Approximately 656,609 shares traded hands during mid-day trading, an increase of 149% from the previous session’s volume of 263,696 shares.The stock last traded at $20.85 and had previously closed at $20.82.

A number of other brokerages have also weighed in on ATLKY. Sanford C. Bernstein upgraded Atlas Copco from a “hold” rating to an “outperform” rating in a research note on Wednesday, January 7th. Citigroup reaffirmed a “buy” rating on shares of Atlas Copco in a research note on Thursday, April 9th. The Goldman Sachs Group lowered shares of Atlas Copco from a “strong-buy” rating to a “neutral” rating in a research report on Thursday, February 5th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Atlas Copco in a report on Friday, January 16th. Finally, Pareto Securities downgraded Atlas Copco from a “buy” rating to a “hold” rating in a report on Tuesday, January 27th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Atlas Copco currently has an average rating of “Moderate Buy”.

Atlas Copco Stock Up 0.4%

The business’s fifty day simple moving average is $19.46 and its 200 day simple moving average is $18.70. The stock has a market cap of $99.34 billion, a price-to-earnings ratio of 37.08, a price-to-earnings-growth ratio of 2.71 and a beta of 1.47. The company has a current ratio of 1.55, a quick ratio of 1.08 and a debt-to-equity ratio of 0.26.

Atlas Copco (OTCMKTS:ATLKY) last posted 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). The company had revenue of $4.80 billion during the quarter, compared to the consensus estimate of $4.68 billion. Atlas Copco had a return on equity of 24.94% and a net margin of 15.70%. Equities analysts forecast that Atlas Copco AB will post 0.62 earnings per share for the current fiscal 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.