AB Volvo (OTCMKTS:VLVLY) Sees Large Volume Increase - Here's What Happened

Shares of AB Volvo (OTCMKTS:VLVLY - Get Free Report) saw unusually-high trading volume on Monday . Approximately 187,861 shares were traded during mid-day trading, an increase of 17% from the previous session's volume of 160,899 shares.The stock last traded at $27.85 and had previously closed at $28.40.

Analyst Ratings Changes

Several analysts have recently commented on VLVLY shares. Royal Bank Of Canada upgraded shares of AB Volvo from a "hold" rating to a "moderate buy" rating in a report on Tuesday, April 15th. Sanford C. Bernstein initiated coverage on shares of AB Volvo in a research note on Tuesday, April 1st. They issued an "underperform" rating for the company. Finally, Barclays downgraded AB Volvo from an "equal weight" rating to an "underweight" rating in a research note on Tuesday, March 25th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating, three have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy".

AB Volvo Stock Performance

The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.04 and a current ratio of 1.32. The company has a market cap of $57.20 billion, a PE ratio of 13.14, a price-to-earnings-growth ratio of 3.25 and a beta of 1.20. The company's 50 day moving average price is $27.54 and its 200-day moving average price is $27.63.

AB Volvo (OTCMKTS:VLVLY - Get Free Report) last posted its quarterly earnings results on Wednesday, April 23rd. The company reported $0.46 earnings per share for the quarter, missing the consensus estimate of $0.56 by ($0.10). AB Volvo had a return on equity of 24.36% and a net margin of 8.93%. The firm had revenue of $12.79 billion for the quarter, compared to the consensus estimate of $131.15 billion. Equities research analysts anticipate that AB Volvo will post 2.38 earnings per share for the current fiscal year.

About AB Volvo

AB Volvo (publ), together with its subsidiaries, manufactures and sells trucks, buses, construction equipment, and marine and industrial engines in Europe, the United States, Asia, Africa, and Oceania. The company provides heavy-duty trucks for long-haulage and construction work and light-duty trucks for distribution purposes under the Volvo, Renault Trucks, Mack, Eicher, and Dongfeng Trucks brands; and city and intercity buses, coaches, and chassis under the Prevost and Volvo Bus brands.