Atlas Copco (OTCMKTS:ATLKY) Sees Strong Trading Volume - Still a Buy?

Shares of Atlas Copco AB (OTCMKTS:ATLKY - Get Free Report) saw an uptick in trading volume on Monday . 2,063,247 shares traded hands during trading, an increase of 346% from the previous session's volume of 462,697 shares.The stock last traded at $16.02 and had previously closed at $16.27.

Analyst Ratings Changes

Separately, Redburn Atlantic downgraded shares of Atlas Copco from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, April 15th.

Atlas Copco Price Performance

The stock has a 50 day moving average of $16.15 and a 200-day moving average of $16.28. The company has a current ratio of 1.74, a quick ratio of 1.23 and a debt-to-equity ratio of 0.25. The stock has a market capitalization of $80.15 billion, a P/E ratio of 28.84, a price-to-earnings-growth ratio of 19.54 and a beta of 1.35.

Atlas Copco (OTCMKTS:ATLKY - Get Free Report) last released its earnings results on Tuesday, April 29th. The industrial products company reported $0.13 earnings per share for the quarter, missing the consensus estimate of $0.14 by ($0.01). The business had revenue of $4.43 billion for the quarter, compared to the consensus estimate of $45.27 billion. Atlas Copco had a return on equity of 27.36% and a net margin of 16.53%. On average, equities research analysts anticipate that Atlas Copco AB will post 0.55 earnings per share for the current fiscal year.

Atlas Copco Company Profile

Atlas Copco AB provides compressed air and gas, vacuum, energy, dewatering and industrial pump, industrial power tool, and assembly and machine vision solutions in North America, South America, Europe, Africa, the Middle East, Asia, and Oceania. It operates through Compressor Technique, Vacuum Technique, Industrial Technique, and Power Technique segments.