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

Key Points

• AB Volvo shares experienced a significant gap down at the market opening, falling from a prior close of $29.36 to an opening price of $28.62.
• Goldman Sachs has dropped its rating on AB Volvo from "buy" to "neutral," highlighting concerns about the stock's performance amidst mixed analyst ratings.
• The company's recent earnings report showed an EPS of $0.69, surpassing estimates but indicating a significant disparity in revenue expectations of $122.35 billion versus reported $12.59 billion.

AB Volvo (OTCMKTS:VLVLY - Get Free Report) gapped down before the market opened on Monday . The stock had previously closed at $29.36, but opened at $28.62. AB Volvo shares last traded at $28.53, with a volume of 8,418 shares changing hands.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group cut shares of AB Volvo from a "buy" rating to a "neutral" rating in a report on Monday, September 8th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, two have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, AB Volvo currently has a consensus rating of "Hold".

AB Volvo Stock Performance

The company has a quick ratio of 0.86, a current ratio of 1.11 and a debt-to-equity ratio of 0.88. The stock's fifty day moving average is $29.66 and its 200-day moving average is $28.36. The stock has a market cap of $58.01 billion, a price-to-earnings ratio of 13.52, a PEG ratio of 4.11 and a beta of 1.16.

AB Volvo (OTCMKTS:VLVLY - Get Free Report) last released its quarterly earnings results on Thursday, July 17th. The company reported $0.69 earnings per share for the quarter, beating the consensus estimate of $0.53 by $0.16. The company had revenue of $12.59 billion during the quarter, compared to analysts' expectations of $122.35 billion. AB Volvo had a net margin of 8.90% and a return on equity of 23.77%. On average, analysts forecast that AB Volvo will post 2.38 EPS for the current 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.

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