Atlas Copco (OTCMKTS:ATLKY) Sees Unusually-High Trading Volume – Time to Buy?

Shares of Atlas Copco AB (OTCMKTS:ATLKY) saw strong trading volume on Friday . 1,278,636 shares changed hands during trading, an increase of 237% from the previous session’s volume of 379,321 shares.The stock last traded at $19.1865 and had previously closed at $19.15.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. Citigroup restated a “buy” rating on shares of Atlas Copco in a report on Thursday, April 9th. Rothschild & Co Redburn raised Atlas Copco from a “hold” rating to a “strong-buy” rating in a research report on Monday, April 20th. Royal Bank Of Canada reissued an “underperform” rating on shares of Atlas Copco in a research report on Thursday, April 30th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Atlas Copco in a research report on Wednesday, April 29th. Finally, The Goldman Sachs Group cut Atlas Copco from a “strong-buy” rating to a “neutral” rating in a research report on Thursday, February 5th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, three have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, Atlas Copco presently has an average rating of “Hold”.

Atlas Copco Trading Down 0.3%

The company has a debt-to-equity ratio of 0.26, a current ratio of 1.55 and a quick ratio of 1.08. The company’s 50 day moving average is $18.93 and its two-hundred day moving average is $19.03. The firm has a market cap of $93.03 billion, a P/E ratio of 34.11, a PEG ratio of 2.24 and a beta of 1.47.

Atlas Copco (OTCMKTS:ATLKY) last issued its earnings results on Tuesday, April 28th. The industrial products company reported $0.14 EPS for the quarter, hitting the consensus estimate of $0.14. The firm had revenue of $4.36 billion during the quarter, compared to analysts’ expectations of $4.46 billion. Atlas Copco had a return on equity of 25.21% and a net margin of 15.69%. On average, sell-side analysts predict that Atlas Copco AB will post 0.66 earnings per share for the current year.

Atlas Copco Company Profile

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.