Atlas Copco (OTCMKTS:ATLKY) Sees Large Volume Increase - Should You Buy?

Atlas Copco AB (OTCMKTS:ATLKY - Get Free Report) saw an uptick in trading volume on Tuesday . 1,603,464 shares changed hands during mid-day trading, an increase of 212% from the previous session's volume of 513,159 shares.The stock last traded at $15.90 and had previously closed at $15.80.

Wall Street Analyst Weigh In

Separately, Redburn Atlantic cut Atlas Copco from a "strong-buy" rating to a "hold" rating in a report on Tuesday, April 15th.

Atlas Copco Stock Down 0.2%

The business has a 50-day moving average price of $16.29 and a two-hundred day moving average price of $16.37. The company has a quick ratio of 1.23, a current ratio of 1.74 and a debt-to-equity ratio of 0.25. The firm has a market cap of $77.46 billion, a PE ratio of 28.38, a price-to-earnings-growth ratio of 22.66 and a beta of 1.35.

Atlas Copco (OTCMKTS:ATLKY - Get Free Report) last released its quarterly earnings data on Friday, July 18th. The industrial products company reported $0.14 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.14. Atlas Copco had a net margin of 16.22% and a return on equity of 26.20%. The company had revenue of $4.22 billion during the quarter, compared to the consensus estimate of $42.93 billion. On average, equities research analysts expect that Atlas Copco AB will post 0.55 EPS for the current 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.