AB Volvo (OTCMKTS:VLVLY) Stock Price Up 1.3% - Here's Why

Key Points

• AB Volvo's stock price increased by 1.3%, trading at $30.10 during mid-day trading while experiencing a lower trading volume of 78,163 shares.
• The company received an upgraded rating from Royal Bank of Canada, changing from a "hold" to a "moderate buy," with a consensus rating currently at "Moderate Buy."
• AB Volvo reported $0.69 EPS for the last quarter, surpassing analysts' estimates, and had a revenue of $12.59 billion.

AB Volvo (OTCMKTS:VLVLY - Get Free Report) shares were up 1.3% on Friday . The stock traded as high as $30.20 and last traded at $30.10. Approximately 78,163 shares changed hands during trading, a decline of 15% from the average daily volume of 92,373 shares. The stock had previously closed at $29.72.

Wall Street Analyst Weigh In

Separately, Royal Bank Of Canada raised AB Volvo from a "hold" rating to a "moderate buy" rating in a research report on Tuesday, April 15th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating, three have assigned a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, AB Volvo currently has an average rating of "Moderate Buy".

AB Volvo Stock Performance

The business's 50-day simple moving average is $28.18 and its two-hundred day simple moving average is $28.41. The firm has a market cap of $61.69 billion, a price-to-earnings ratio of 14.38, a P/E/G ratio of 3.60 and a beta of 1.18. The company has a quick ratio of 0.86, a current ratio of 1.11 and a debt-to-equity ratio of 0.88.

AB Volvo (OTCMKTS:VLVLY - Get Free Report) last issued its quarterly earnings data on Thursday, July 17th. The company reported $0.69 earnings per share for the quarter, topping analysts' consensus estimates of $0.53 by $0.16. The business 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, sell-side 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.