Atlas Copco AB (OTCMKTS:ATLKY) Sees Large Drop in Short Interest – MarketBeat


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Atlas Copco AB (OTCMKTS:ATLKYGet Rating) was the target of a significant decrease in short interest during the month of November. As of November 15th, there was short interest totalling 12,500 shares, a decrease of 23.3% from the October 31st total of 16,300 shares. Based on an average trading volume of 594,500 shares, the short-interest ratio is currently 0.0 days.

Atlas Copco Price Performance

Shares of ATLKY stock opened at $12.21 on Thursday. The firm has a market cap of $59.47 billion, a P/E ratio of 25.47, a P/E/G ratio of 3.72 and a beta of 1.26. Atlas Copco has a fifty-two week low of $8.63 and a fifty-two week high of $17.87. The business’s 50 day moving average price is $10.62 and its 200-day moving average price is $11.58. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.87 and a current ratio of 1.29.
Atlas Copco (OTCMKTS:ATLKYGet Rating) last released its quarterly earnings results on Wednesday, October 19th. The industrial products company reported $0.13 earnings per share for the quarter, beating the consensus estimate of $0.11 by $0.02. Atlas Copco had a return on equity of 30.71% and a net margin of 17.05%. The company had revenue of $3.61 billion for the quarter, compared to analyst estimates of $3.28 billion. On average, equities research analysts anticipate that Atlas Copco will post 0.44 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Berenberg Bank increased their price target on Atlas Copco from SEK 135 to SEK 140 in a report on Monday. Citigroup raised Atlas Copco from a “neutral” rating to a “buy” rating in a research report on Monday, November 14th. HSBC lowered Atlas Copco from a “buy” rating to a “hold” rating in a research report on Wednesday. Morgan Stanley raised their target price on Atlas Copco from SEK 96 to SEK 101 in a research report on Tuesday, November 15th. Finally, Pareto Securities downgraded Atlas Copco from a “buy” rating to a “hold” rating in a research note on Wednesday. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $131.94.

Atlas Copco Company Profile

(Get Rating)
Atlas Copco AB, together with its subsidiaries, provides productivity solutions. The company operates through Compressor Technique, Vacuum Technique, Industrial Technique, and Power Technique segments. It offers piston compressors, oil-free tooth and scroll compressors, rotary screw compressors, oil-free blowers, oil-free centrifugal compressors, gas and process compressors, air and gas treatment equipment, and medical air solutions primarily for use in the manufacturing and process industries.

Further Reading

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