Alfa Laval Corporate (OTCMKTS:ALFVY) Shares Up 1.1% - Time to Buy?

Alfa Laval Corporate AB (OTCMKTS:ALFVY - Get Free Report) shot up 1.1% during mid-day trading on Tuesday . The company traded as high as $43.88 and last traded at $43.82. 13,982 shares changed hands during mid-day trading, a decline of 55% from the average session volume of 30,915 shares. The stock had previously closed at $43.36.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on ALFVY. The Goldman Sachs Group upgraded shares of Alfa Laval Corporate from a "strong sell" rating to a "hold" rating in a report on Wednesday, March 26th. UBS Group raised shares of Alfa Laval Corporate from a "strong sell" rating to a "hold" rating in a research report on Wednesday, April 9th.

Alfa Laval Corporate Price Performance

The firm has a market cap of $18.11 billion, a price-to-earnings ratio of 25.93, a P/E/G ratio of 2.08 and a beta of 1.39. The business's 50-day simple moving average is $41.96 and its two-hundred day simple moving average is $42.80. The company has a current ratio of 1.34, a quick ratio of 0.84 and a debt-to-equity ratio of 0.22.

Alfa Laval Corporate (OTCMKTS:ALFVY - Get Free Report) last posted its quarterly earnings results on Tuesday, April 29th. The company reported $0.45 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.41 by $0.04. The firm had revenue of $1.71 billion for the quarter, compared to analysts' expectations of $1.56 billion. Alfa Laval Corporate had a return on equity of 18.34% and a net margin of 11.07%. As a group, research analysts expect that Alfa Laval Corporate AB will post 1.85 EPS for the current fiscal year.

Alfa Laval Corporate Cuts Dividend

The company also recently announced a dividend, which will be paid on Thursday, May 22nd. Investors of record on Monday, May 5th will be issued a $0.6343 dividend. This represents a dividend yield of 1.52%. The ex-dividend date of this dividend is Friday, May 2nd. Alfa Laval Corporate's dividend payout ratio is currently 43.43%.

Alfa Laval Corporate Company Profile

Alfa Laval Corporate AB provides heat transfer, separation, and fluid handling products and solutions worldwide. It operates in three divisions: Energy, Food & Water, and Marine. The company offers oil/gas-fired steam and composite steam boilers, exhaust gas economizer, and ballast water treatment systems, and exhaust gas cleaning products.

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.