AB Volvo (OTCMKTS:VLVLY) Shares Gap Up – Here’s What Happened

AB Volvo (OTCMKTS:VLVLY) gapped up before the market opened on Monday . The stock had previously closed at $29.45, but opened at $31.55. AB Volvo shares last traded at $32.14, with a volume of 36,560 shares traded.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on VLVLY shares. Kepler Capital Markets reaffirmed a “hold” rating on shares of AB Volvo in a research note on Friday, January 16th. Citigroup upgraded shares of AB Volvo from a “hold” rating to a “strong-buy” rating in a report on Friday, December 5th. Zacks Research upgraded AB Volvo from a “strong sell” rating to a “hold” rating in a report on Friday, December 19th. UBS Group lowered AB Volvo from a “strong-buy” rating to a “strong sell” rating in a research report on Tuesday, January 13th. Finally, Royal Bank Of Canada downgraded AB Volvo from an “outperform” rating to a “sector perform” rating in a report on Friday, February 13th. Two investment analysts have rated the stock with a Strong Buy rating, six have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold”.

AB Volvo Price Performance

The company has a quick ratio of 0.85, a current ratio of 1.12 and a debt-to-equity ratio of 0.79. The company has a 50 day simple moving average of $36.32 and a 200-day simple moving average of $31.90. The stock has a market cap of $64.64 billion, a price-to-earnings ratio of 15.58, a PEG ratio of 6.93 and a beta of 1.13.

AB Volvo (OTCMKTS:VLVLY) last issued its earnings results on Wednesday, January 28th. The company reported $0.50 EPS for the quarter, topping the consensus estimate of $0.46 by $0.04. The company had revenue of $14.01 billion during the quarter, compared to analyst estimates of $13.42 billion. AB Volvo had a return on equity of 23.01% and a net margin of 8.47%. As a group, research analysts anticipate that AB Volvo will post 2.38 EPS for the current fiscal year.

About AB Volvo

AB Volvo (Volvo Group) is a Swedish multinational manufacturing company headquartered in Gothenburg. The company designs, manufactures and sells a broad range of commercial vehicles and related systems, including heavy- and medium-duty trucks, buses, and construction equipment. In addition to vehicles and machinery, Volvo supplies marine and industrial power systems through its Volvo Penta division and offers parts, service, telematics and financing solutions to commercial customers worldwide.

Key product and business lines include Volvo Trucks and Mack-branded heavy trucks, a global bus and coach offering, Volvo Construction Equipment, and power systems for marine and industrial applications.