Atlas Copco AB (OTCMKTS:ATLKY) Short Interest Update

Atlas Copco AB (OTCMKTS:ATLKY) was the target of a large drop in short interest in February. As of February 27th, there was short interest totaling 30,349 shares, a drop of 94.2% from the February 12th total of 525,347 shares. Based on an average trading volume of 343,211 shares, the short-interest ratio is currently 0.1 days. Approximately 0.0% of the company’s stock are sold short. Approximately 0.0% of the company’s stock are sold short. Based on an average trading volume of 343,211 shares, the short-interest ratio is currently 0.1 days.

Analyst Ratings Changes

Several analysts have recently issued reports on the stock. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Atlas Copco in a research note on Friday, January 16th. Citigroup reissued a “buy” rating on shares of Atlas Copco in a research report on Thursday, January 22nd. The Goldman Sachs Group downgraded shares of Atlas Copco from a “strong-buy” rating to a “neutral” rating in a research report on Thursday, February 5th. Barclays upgraded shares of Atlas Copco from a “hold” rating to an “overweight” rating in a research note on Wednesday, December 3rd. Finally, Pareto Securities downgraded Atlas Copco from a “buy” rating to a “hold” rating in a research note on Tuesday, January 27th. Four equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold”.

Atlas Copco Stock Performance

Shares of OTCMKTS ATLKY traded up $0.27 during mid-day trading on Tuesday, reaching $19.36. 240,226 shares of the company’s stock were exchanged, compared to its average volume of 216,569. The firm has a 50-day moving average price of $20.50 and a two-hundred day moving average price of $18.30. 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 firm has a market capitalization of $94.38 billion, a price-to-earnings ratio of 35.20, a price-to-earnings-growth ratio of 2.62 and a beta of 1.41. Atlas Copco has a 52 week low of $13.41 and a 52 week high of $22.05.

Atlas Copco (OTCMKTS:ATLKY) last posted its quarterly earnings data 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 for the quarter, compared to analysts’ expectations of $4.68 billion. Atlas Copco had a return on equity of 24.94% and a net margin of 15.70%. Analysts predict that Atlas Copco will post 0.55 EPS 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.