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

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

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. UBS Group upgraded shares of Alfa Laval from a "strong sell" rating to a "hold" rating in a research note on Wednesday, April 9th. The Goldman Sachs Group upgraded shares of Alfa Laval from a "strong sell" rating to a "hold" rating in a research note on Wednesday, March 26th.

Alfa Laval Trading Down 0.7%

The company has a current ratio of 1.34, a quick ratio of 0.84 and a debt-to-equity ratio of 0.22. The business's fifty day simple moving average is $42.49 and its 200 day simple moving average is $42.66. The stock has a market cap of $17.84 billion, a P/E ratio of 24.66, a price-to-earnings-growth ratio of 1.80 and a beta of 1.34.

Alfa Laval (OTCMKTS:ALFVY - Get Free Report) last announced 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 company had revenue of $1.71 billion for the quarter, compared to analysts' expectations of $1.56 billion. Alfa Laval had a net margin of 11.26% and a return on equity of 19.01%. As a group, analysts expect that Alfa Laval AB Unsponsored ADR will post 1.85 EPS for the current year.

Alfa Laval Cuts Dividend

The business also recently disclosed 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. This represents a yield of 1.52%. The ex-dividend date of this dividend was Friday, May 2nd. Alfa Laval's dividend payout ratio (DPR) is currently 43.43%.

Alfa Laval 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.