Atlas Copco (OTCMKTS:ATLKY) Shares Gap Down - Here's What Happened

Atlas Copco AB (OTCMKTS:ATLKY - Get Free Report) 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 trading hands.

Analyst Ratings Changes

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

Atlas Copco Price Performance

The firm has a 50-day simple moving average of $16.35 and a 200 day simple moving average of $16.37. The firm has a market cap of $77.60 billion, a PE ratio of 28.43, a price-to-earnings-growth ratio of 18.12 and a beta of 1.35. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.74 and a quick ratio of 1.23.

Atlas Copco (OTCMKTS:ATLKY - Get Free Report) last released its quarterly earnings results 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 business had revenue of $4.22 billion during the quarter, compared to the consensus estimate of $42.93 billion. Atlas Copco had a return on equity of 26.20% and a net margin of 16.22%. As a group, equities analysts expect that Atlas Copco AB will post 0.55 EPS for the current year.

About Atlas Copco

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.