AB Volvo (OTCMKTS:VLVLY) Shares Gap Down - Time to Sell?

AB Volvo (OTCMKTS:VLVLY - Get Free Report)'s share price gapped down before the market opened on Thursday . The stock had previously closed at $27.83, but opened at $26.86. AB Volvo shares last traded at $27.02, with a volume of 20,684 shares.

Analyst Upgrades and Downgrades

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

AB Volvo Stock Up 3.1%

The company has a debt-to-equity ratio of 0.79, a current ratio of 1.32 and a quick ratio of 1.04. The firm's 50-day moving average price is $27.79 and its 200 day moving average price is $27.98. The firm has a market cap of $55.88 billion, a P/E ratio of 13.02, a PEG ratio of 3.20 and a beta of 1.18.

AB Volvo (OTCMKTS:VLVLY - Get Free Report) last issued its earnings results on Thursday, July 17th. The company reported $0.69 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.53 by $0.16. AB Volvo had a net margin of 8.90% and a return on equity of 23.45%. The firm had revenue of $12.59 billion for the quarter, compared to analysts' expectations of $122.35 billion. On average, equities research analysts expect that AB Volvo will post 2.38 earnings per share for the current fiscal year.

AB Volvo Company Profile

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.