Alfa Laval (OTCMKTS:ALFVY) Sees Large Volume Increase – Time to Buy?

Alfa Laval AB Unsponsored ADR (OTCMKTS:ALFVY) shares saw an uptick in trading volume on Thursday . 281,769 shares were traded during mid-day trading, an increase of 1,140% from the previous session’s volume of 22,723 shares.The stock last traded at $49.13 and had previously closed at $48.10.

Wall Street Analysts Forecast Growth

Several research firms have commented on ALFVY. Zacks Research lowered Alfa Laval from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 26th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Alfa Laval in a report on Wednesday, October 29th. Barclays restated an “overweight” rating on shares of Alfa Laval in a report on Wednesday, December 3rd. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Alfa Laval in a research report on Wednesday, October 29th. Finally, Citigroup reissued a “neutral” rating on shares of Alfa Laval in a research report on Monday. Three investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold”.

Alfa Laval Stock Up 1.9%

The firm has a fifty day simple moving average of $47.76 and a 200-day simple moving average of $45.54. The company has a market capitalization of $20.26 billion, a PE ratio of 24.63, a P/E/G ratio of 2.57 and a beta of 1.24. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.72 and a current ratio of 1.12.

About Alfa Laval

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.