Alfa Laval (OTCMKTS:ALFVY) Stock Price Down 1.4% - Here's Why

Shares of Alfa Laval AB Unsponsored ADR (OTCMKTS:ALFVY - Get Free Report) fell 1.4% during mid-day trading on Friday . The company traded as low as $43.78 and last traded at $43.83. 20,793 shares changed hands during trading, an increase of 75% from the average session volume of 11,893 shares. The stock had previously closed at $44.47.

Wall Street Analyst Weigh In

ALFVY has been the topic of a number of research reports. UBS Group upgraded Alfa Laval from a "strong sell" rating to a "hold" rating in a report on Wednesday, April 9th. The Goldman Sachs Group upgraded Alfa Laval from a "strong sell" rating to a "hold" rating in a report on Wednesday, March 26th.

Alfa Laval Stock Down 1.4%

The business has a fifty day moving average price of $42.46 and a two-hundred day moving average price of $42.64. The company has a market cap of $18.12 billion, a price-to-earnings ratio of 25.05, a P/E/G ratio of 1.83 and a beta of 1.34. 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 (OTCMKTS:ALFVY - Get Free Report) last released its quarterly earnings data on Tuesday, April 29th. The company reported $0.45 EPS for the quarter, topping analysts' consensus estimates of $0.41 by $0.04. Alfa Laval had a return on equity of 19.01% and a net margin of 11.26%. The firm had revenue of $1.71 billion for the quarter, compared to the consensus estimate of $1.56 billion. On average, equities analysts predict that Alfa Laval AB Unsponsored ADR will post 1.85 earnings per share for the current year.

Alfa Laval Cuts Dividend

The business also recently declared a dividend, which was paid on Thursday, May 22nd. Shareholders of record on Monday, May 5th were issued a dividend of $0.6343 per share. The ex-dividend date was Friday, May 2nd. This represents a yield of 1.52%. Alfa Laval's dividend payout ratio (DPR) is presently 43.43%.

About Alfa Laval

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.

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