AB Volvo (OTCMKTS:VLVLY) Sees Strong Trading Volume - Should You Buy?

Key Points

• Trading volume surged 288% to 584,471 shares, while AB Volvo shares edged up to $31.42 from a prior close of $31.34.
• Analyst sentiment is mixed but leans neutral: recent downgrades included Zacks Research moving to “strong sell” and Erste Group Bank moving to “hold,” producing a consensus “Hold” rating.
• AB Volvo met quarterly EPS expectations at $0.55, but revenue of $12.04 billion fell short of the $12.53 billion analyst consensus. The company has a market capitalization of $63.88 billion and a P/E ratio of 15.40.

AB Volvo (OTCMKTS:VLVLY - Get Free Report) shares saw an uptick in trading volume on Thursday. 584,471 shares were traded during trading, an increase of 288% from the average daily volume of 150,520 shares. The stock last traded at $31.4210 and had previously closed at $31.34.

Wall Street Analyst Weigh In

Several research firms have recently commented on VLVLY. Zacks Research lowered shares of AB Volvo from a "hold" rating to a "strong sell" rating in a research report on Monday, October 5th. Erste Group Bank cut AB Volvo from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, October 21st. Three research analysts have rated the stock with a Strong Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, AB Volvo presently has a consensus rating of "Hold".

AB Volvo Price Performance

The company has a debt-to-equity ratio of 0.85, a current ratio of 1.10 and a quick ratio of 0.82. The company has a market capitalization of $63.88 billion, a PE ratio of 15.40, a price-to-earnings-growth ratio of 0.73 and a beta of 1.22. The stock's 50 day simple moving average is $33.54 and its 200-day simple moving average is $34.78.

AB Volvo (OTCMKTS:VLVLY - Get Free Report) last announced its quarterly earnings data on Friday, October 23rd. The company reported $0.55 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.55. The business had revenue of $12.04 billion for the quarter, compared to analysts' expectations of $12.53 billion. AB Volvo had a return on equity of 21.50% and a net margin of 8.12%. As a group, equities analysts forecast that AB Volvo will post 2.12 earnings per share for the current fiscal year.

AB Volvo Company Profile

AB Volvo is a Sweden-based manufacturer of commercial vehicles and transportation-related products. Founded in 1927 and headquartered in Gothenburg, the company develops and sells trucks, buses, construction equipment, and marine and industrial engines. AB Volvo is separate from Volvo Cars, which became an independent company in 1999.

The company's commercial vehicle operations include heavy-duty, medium-duty, and light-duty trucks sold under brands such as Volvo Trucks, Mack Trucks, Renault Trucks, and UD Trucks.

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