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Atlas Copco (OTCMKTS:ATLKY) Shares Gap Down - What's Next?

Atlas Copco logo with Industrials background

Atlas Copco AB (OTCMKTS:ATLKY - Get Free Report)'s share price gapped down before the market opened on Friday . The stock had previously closed at $16.73, but opened at $15.85. Atlas Copco shares last traded at $15.90, with a volume of 16,977 shares traded.

Analyst Ratings Changes

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

View Our Latest Research Report on Atlas Copco

Atlas Copco Price Performance

The business has a 50-day moving average of $16.35 and a two-hundred day moving average of $16.37. The firm has a market cap of $74.69 billion, a P/E ratio of 27.36, a price-to-earnings-growth ratio of 18.12 and a beta of 1.35. The company has a current ratio of 1.74, a quick ratio of 1.23 and a debt-to-equity ratio of 0.25.

Atlas Copco (OTCMKTS:ATLKY - Get Free Report) last announced its quarterly earnings data on Friday, July 18th. The industrial products company reported $0.14 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.14. The company had revenue of $4.22 billion for the quarter, compared to the consensus estimate of $42.93 billion. Atlas Copco had a return on equity of 27.36% and a net margin of 16.53%. On average, sell-side analysts anticipate that Atlas Copco AB will post 0.55 earnings per share for the current fiscal year.

Atlas Copco Company Profile

(Get Free Report)

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.

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