AB Volvo (OTCMKTS:VLVLY) Shares Gap Down - What's Next?

Key Points

• AB Volvo's stock experienced a significant gap down, moving from a close of $28.16 to an opening price of $26.19 before trading at $26.37.
• Wall Street analysts show mixed sentiments with ratings ranging from Strong Buy to Sell, resulting in a consensus rating of Moderate Buy.
• For the recent quarter, AB Volvo reported earnings per share of $0.69, exceeding the consensus estimate of $0.53, with total revenue reaching $12.59 billion.

AB Volvo (OTCMKTS:VLVLY - Get Free Report)'s stock price gapped down before the market opened on Friday . The stock had previously closed at $28.16, but opened at $26.19. AB Volvo shares last traded at $26.37, with a volume of 56,866 shares traded.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on VLVLY shares. Sanford C. Bernstein raised AB Volvo from a "strong sell" rating to a "hold" rating in a research note on Monday. The Goldman Sachs Group cut AB Volvo from a "buy" rating to a "neutral" rating in a research report on Monday, September 8th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy".

AB Volvo Price Performance

The company has a market cap of $53.37 billion, a P/E ratio of 12.44, a P/E/G ratio of 3.94 and a beta of 1.16. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.86 and a current ratio of 1.11. The firm's fifty day moving average is $29.51 and its two-hundred day moving average is $28.17.

AB Volvo (OTCMKTS:VLVLY - Get Free Report) last issued its earnings results on Thursday, July 17th. The company reported $0.69 earnings per share for the quarter, topping the consensus estimate of $0.53 by $0.16. The company had revenue of $12.59 billion during the quarter, compared to the consensus estimate of $122.35 billion. AB Volvo had a net margin of 8.90% and a return on equity of 23.77%. As a group, analysts anticipate 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.