Alfa Laval (OTCMKTS:ALFVY) Sees Strong Trading Volume – Here’s What Happened

Alfa Laval AB Unsponsored ADR (OTCMKTS:ALFVY) shares saw an uptick in trading volume on Thursday . 54,927 shares were traded during trading, an increase of 198% from the previous session’s volume of 18,462 shares.The stock last traded at $57.9940 and had previously closed at $57.54.

Analyst Upgrades and Downgrades

ALFVY has been the topic of several recent analyst reports. Royal Bank Of Canada reissued an “outperform” rating on shares of Alfa Laval in a research report on Thursday, July 30th. Citigroup reiterated a “neutral” rating on shares of Alfa Laval in a research report on Friday, August 7th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Alfa Laval in a research note on Wednesday, July 22nd. Finally, Pareto Securities raised Alfa Laval from a “hold” rating to a “buy” rating in a research note on Wednesday, July 22nd. Four investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold”.

Alfa Laval Price Performance

The firm has a market cap of $23.97 billion, a price-to-earnings ratio of 27.49, a price-to-earnings-growth ratio of 3.94 and a beta of 1.13. The company has a current ratio of 1.12, a quick ratio of 0.69 and a debt-to-equity ratio of 0.19. The company’s 50-day moving average is $58.83 and its 200-day moving average is $57.90.

Alfa Laval (OTCMKTS:ALFVY) last announced its earnings results on Tuesday, July 21st. The company reported $0.52 earnings per share for the quarter, missing analysts’ consensus estimates of $0.62 by ($0.10). The company had revenue of $1.87 billion for the quarter, compared to analysts’ expectations of $1.87 billion. Alfa Laval had a net margin of 11.63% and a return on equity of 18.41%. Equities research analysts predict that Alfa Laval AB Unsponsored ADR will post 2.33 earnings per share for the current year.

Alfa Laval Company Profile

Alfa Laval is an industrial engineering company specializing in heat transfer, separation and fluid handling technologies. Its product portfolio includes plate and tubular heat exchangers, separators and decanter centrifuges, pumps, valves and complete process systems designed to control temperature, separate liquids and solids, and move fluids reliably through industrial processes. The company supplies both standardized components and engineered systems for integration into customer plants and vessels.

The company serves a broad set of end markets including energy and power, marine and offshore, food and beverage processing, water and wastewater treatment, chemical and pharmaceutical production, and pulp and paper.