Atlas Copco (OTCMKTS:ATLKY) Shares Gap Up – Time to Buy?

Atlas Copco AB (OTCMKTS:ATLKY) gapped up before the market opened on Thursday . The stock had previously closed at $19.56, but opened at $20.3499. Atlas Copco shares last traded at $20.26, with a volume of 270,966 shares.

Analyst Upgrades and Downgrades

ATLKY has been the topic of a number of recent analyst reports. Citigroup reiterated a “buy” rating on shares of Atlas Copco in a report on Friday. Rothschild & Co Redburn upgraded Atlas Copco from a “hold” rating to a “strong-buy” rating in a research note on Monday, April 20th. Royal Bank Of Canada reaffirmed an “underperform” rating on shares of Atlas Copco in a report on Thursday, April 30th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Atlas Copco in a research note on Wednesday, April 29th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold”.

Atlas Copco Stock Performance

The company has a market cap of $98.92 billion, a PE ratio of 35.63, a PEG ratio of 2.08 and a beta of 1.42. The stock has a 50 day simple moving average of $19.54 and a two-hundred day simple moving average of $19.66. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.70 and a quick ratio of 1.20.

Atlas Copco (OTCMKTS:ATLKY) last announced its earnings results on Thursday, July 16th. The industrial products company reported $0.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.01). The business had revenue of $4.66 billion for the quarter, compared to analysts’ expectations of $4.61 billion. Atlas Copco had a return on equity of 23.81% and a net margin of 15.66%. Equities analysts predict that Atlas Copco AB will post 0.66 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.