Alfa Laval Corporate AB (OTCMKTS:ALFVY) Sees Significant Decrease in Short Interest

Alfa Laval Corporate AB (OTCMKTS:ALFVY - Get Free Report) was the target of a significant drop in short interest in April. As of April 15th, there was short interest totalling 4,700 shares, a drop of 44.0% from the March 31st total of 8,400 shares. Approximately 0.0% of the company's stock are sold short. Based on an average daily volume of 104,000 shares, the short-interest ratio is currently 0.0 days.

Alfa Laval Corporate Stock Up 0.2 %

ALFVY stock traded up $0.10 during trading on Friday, hitting $42.22. 10,220 shares of the stock traded hands, compared to its average volume of 33,107. The stock has a market cap of $17.45 billion, a price-to-earnings ratio of 24.98, a price-to-earnings-growth ratio of 2.08 and a beta of 1.34. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.34 and a quick ratio of 0.84. Alfa Laval Corporate has a 1 year low of $36.86 and a 1 year high of $48.46. The firm's 50 day moving average is $42.51 and its two-hundred day moving average is $43.08.

Alfa Laval Corporate (OTCMKTS:ALFVY - Get Free Report) last posted its quarterly earnings results on Tuesday, April 29th. The company reported $0.45 EPS for the quarter, beating analysts' consensus estimates of $0.41 by $0.04. Alfa Laval Corporate had a net margin of 11.07% and a return on equity of 18.34%. The firm had revenue of $1.71 billion for the quarter, compared to analysts' expectations of $1.56 billion. On average, sell-side analysts anticipate that Alfa Laval Corporate will post 1.85 EPS for the current year.

Alfa Laval Corporate Cuts Dividend

The firm also recently announced a dividend, which will be paid on Thursday, May 22nd. Shareholders of record on Monday, May 5th will be issued a $0.6343 dividend. This represents a dividend yield of 1.52%. The ex-dividend date is Friday, May 2nd. Alfa Laval Corporate's payout ratio is 42.01%.

Analyst Ratings Changes

ALFVY has been the topic of a number of analyst reports. UBS Group raised Alfa Laval Corporate from a "strong sell" rating to a "hold" rating in a research report on Wednesday, April 9th. The Goldman Sachs Group upgraded Alfa Laval Corporate from a "strong sell" rating to a "hold" rating in a research note on Wednesday, March 26th.

About Alfa Laval Corporate

Alfa Laval Corporate AB provides heat transfer, separation, and fluid handling products and solutions worldwide. It operates in three divisions: Energy, Food & Water, and Marine. The company offers oil/gas-fired steam and composite steam boilers, exhaust gas economizer, and ballast water treatment systems, and exhaust gas cleaning products.