Atlas Copco AB (OTCMKTS:ATLKY) Short Interest Update

Atlas Copco AB (OTCMKTS:ATLKY) was the recipient of a large decline in short interest during the month of June. As of June 30th, there was short interest totaling 102,709 shares, a decline of 73.8% from the June 15th total of 391,775 shares. Currently, 0.0% of the company’s shares are short sold. Based on an average daily volume of 734,680 shares, the days-to-cover ratio is presently 0.1 days.

Atlas Copco Trading Down 0.1%

OTCMKTS:ATLKY traded down $0.01 during trading hours on Friday, hitting $19.83. The stock had a trading volume of 167,302 shares, compared to its average volume of 284,750. The business’s 50 day moving average is $19.53 and its 200-day moving average is $19.60. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.20 and a current ratio of 1.70. The company has a market cap of $96.58 billion, a price-to-earnings ratio of 35.41, a P/E/G ratio of 2.06 and a beta of 1.42. Atlas Copco has a one year low of $14.89 and a one year high of $22.05.

Atlas Copco (OTCMKTS:ATLKY) last announced its quarterly earnings results on Tuesday, April 28th. 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 15.69% and a return on equity of 23.91%. The company had revenue of $4.36 billion during the quarter, compared to analyst estimates of $4.46 billion. Sell-side analysts anticipate that Atlas Copco will post 0.66 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. Citigroup reiterated a “buy” rating on shares of Atlas Copco in a research report on Wednesday, June 24th. Royal Bank Of Canada reaffirmed an “underperform” rating on shares of Atlas Copco in a research note on Thursday, April 30th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Atlas Copco in a research report on Wednesday, April 29th. Finally, Rothschild & Co Redburn raised Atlas Copco from a “hold” rating to a “strong-buy” rating in a research note on Monday, April 20th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold”.

About Atlas Copco

Atlas Copco is a Sweden-based industrial group that develops, manufactures and services equipment and solutions for professional customers in a broad range of industries. The company’s core activities center on compressed air and gas systems, vacuum solutions, construction and mining equipment, industrial tools and assembly systems, and power and flow equipment. Products and services span new-equipment sales, aftermarket parts, maintenance and technical support aimed at improving productivity, energy efficiency and safety for industrial operations.

Key product categories include stationary and portable air compressors, air treatment and gas generation systems, industrial vacuum pumps, generators and light towers, drilling rigs and rock excavation equipment for mining and construction, as well as electric and pneumatic tools and automated assembly systems for manufacturing.