Atlas Copco AB (OTCMKTS:ATLKY) Short Interest Update

Atlas Copco AB (OTCMKTS:ATLKY) was the recipient of a large decrease in short interest during the month of June. As of June 30th, there was short interest totaling 102,709 shares, a decrease of 73.8% from the June 15th total of 391,775 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily volume of 734,680 shares, the days-to-cover ratio is currently 0.1 days.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the company. Citigroup restated a “buy” rating on shares of Atlas Copco in a research report on Wednesday, June 24th. Royal Bank Of Canada reissued an “underperform” rating on shares of Atlas Copco in a research note on Thursday, April 30th. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Atlas Copco in a report on Wednesday, April 29th. Finally, Rothschild & Co Redburn raised shares of Atlas Copco from a “hold” rating to a “strong-buy” rating in a report on Monday, April 20th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold”.

Atlas Copco Price Performance

Shares of Atlas Copco stock opened at $19.41 on Tuesday. 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 has a one year low of $14.89 and a one year high of $22.05. The business’s 50 day simple moving average is $19.52 and its two-hundred day simple moving average is $19.62. The stock has a market capitalization of $94.54 billion, a P/E ratio of 34.66, a price-to-earnings-growth ratio of 2.06 and a beta of 1.42.

Atlas Copco (OTCMKTS:ATLKY) last released its quarterly earnings data on Tuesday, April 28th. The industrial products company reported $0.14 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.14. Atlas Copco had a return on equity of 23.91% and a net margin of 15.69%.The firm had revenue of $4.36 billion during the quarter, compared to analyst estimates of $4.46 billion. Analysts forecast that Atlas Copco will post 0.66 EPS for the current year.

About Atlas Copco

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.