Atlas Copco (OTCMKTS:ATLKY) Sees Large Volume Increase - What's Next?

Key Points

• Trading spike: Shares saw a 335% surge in volume to 1,351,520 shares and rose from a $19.00 close to $20.1775 intraday, signaling heightened investor interest.
• Analyst mix with a "Hold" consensus: Ratings are mixed—1 Strong Buy, 4 Buy, 3 Hold and 2 Sell—leaving MarketBeat's consensus at "Hold" despite some recent upgrades and downgrades.
• Earnings and fundamentals: Q1 EPS matched estimates at $0.14 while revenue missed ($4.36B vs $4.46B), the company has a P/E of 36.13, market cap ~$98.5B, low debt (D/E 0.26) and solid profitability (net margin 15.69%, ROE 25.21%).

Shares of Atlas Copco AB (OTCMKTS:ATLKY - Get Free Report) saw an uptick in trading volume on Wednesday . 1,351,520 shares traded hands during trading, an increase of 335% from the previous session's volume of 310,415 shares.The stock last traded at $20.1775 and had previously closed at $19.00.

Analyst Upgrades and Downgrades

A number of research firms have commented on ATLKY. Sanford C. Bernstein upgraded shares of Atlas Copco from a "hold" rating to an "outperform" rating in a research report on Wednesday, January 7th. Citigroup reiterated a "buy" rating on shares of Atlas Copco in a report on Thursday, April 9th. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating on shares of Atlas Copco in a report on Wednesday, April 29th. Royal Bank Of Canada reiterated an "underperform" rating on shares of Atlas Copco in a report on Thursday, April 30th. Finally, The Goldman Sachs Group downgraded shares of Atlas Copco from a "strong-buy" rating to a "neutral" rating in a report on Thursday, February 5th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, Atlas Copco presently has a consensus rating of "Hold".

Atlas Copco Price Performance

The company has a current ratio of 1.55, a quick ratio of 1.08 and a debt-to-equity ratio of 0.26. The business's fifty day moving average is $19.17 and its 200 day moving average is $18.81. The firm has a market capitalization of $98.53 billion, a P/E ratio of 36.13, a P/E/G ratio of 2.16 and a beta of 1.47.

Atlas Copco (OTCMKTS:ATLKY - Get Free Report) last released its earnings results on Tuesday, April 28th. The industrial products company reported $0.14 EPS for the quarter, hitting analysts' consensus estimates of $0.14. Atlas Copco had a net margin of 15.69% and a return on equity of 25.21%. The business had revenue of $4.36 billion for the quarter, compared to the consensus estimate of $4.46 billion. As a group, analysts forecast that Atlas Copco AB will post 0.66 EPS for the current year.

Atlas Copco Company Profile

Atlas Copco is a Sweden-based industrial group that develops, manufactures and services equipment and solutions for professional customers in a broad range of industries. The company's core activities center on compressed air and gas systems, vacuum solutions, construction and mining equipment, industrial tools and assembly systems, and power and flow equipment. Products and services span new-equipment sales, aftermarket parts, maintenance and technical support aimed at improving productivity, energy efficiency and safety for industrial operations.

Key product categories include stationary and portable air compressors, air treatment and gas generation systems, industrial vacuum pumps, generators and light towers, drilling rigs and rock excavation equipment for mining and construction, as well as electric and pneumatic tools and automated assembly systems for manufacturing.

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