Atlas Copco AB (OTCMKTS:ATLKY) Short Interest Update

Atlas Copco AB (OTCMKTS:ATLKY) was the recipient of a significant decline in short interest in March. As of March 13th, there was short interest totaling 20,938 shares, a decline of 31.0% from the February 26th total of 30,349 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 463,736 shares, the short-interest ratio is currently 0.0 days.

Wall Street Analysts Forecast Growth

ATLKY has been the subject of a number of research analyst reports. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Atlas Copco in a report on Friday, January 16th. Barclays upgraded Atlas Copco from a “hold” rating to an “overweight” rating in a report on Wednesday, December 3rd. Pareto Securities downgraded Atlas Copco from a “buy” rating to a “hold” rating in a research note on Tuesday, January 27th. Sanford C. Bernstein upgraded Atlas Copco from a “hold” rating to an “outperform” rating in a research report on Wednesday, January 7th. Finally, The Goldman Sachs Group lowered Atlas Copco from a “strong-buy” rating to a “neutral” rating in a report on Thursday, February 5th. Four equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Atlas Copco has a consensus rating of “Hold”.

Atlas Copco Price Performance

Shares of ATLKY traded down $0.26 during mid-day trading on Friday, reaching $16.87. 721,856 shares of the company’s stock were exchanged, compared to its average volume of 254,342. The company has a quick ratio of 1.08, a current ratio of 1.55 and a debt-to-equity ratio of 0.26. Atlas Copco has a 52-week low of $13.41 and a 52-week high of $22.05. The company has a market cap of $82.24 billion, a price-to-earnings ratio of 30.67, a PEG ratio of 2.47 and a beta of 1.41. The company has a 50-day simple moving average of $20.12 and a two-hundred day simple moving average of $18.44.

Atlas Copco (OTCMKTS:ATLKY) last posted its earnings results on Tuesday, January 27th. The industrial products company reported $0.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.01). The company had revenue of $4.80 billion during the quarter, compared to analysts’ expectations of $4.68 billion. Atlas Copco had a net margin of 15.70% and a return on equity of 24.94%. On average, sell-side analysts predict that Atlas Copco will post 0.55 EPS for the current fiscal 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.