Atlas Copco (OTCMKTS:ATLKY) Shares Gap Down – Should You Sell?

Shares of Atlas Copco AB (OTCMKTS:ATLKY) gapped down prior to trading on Tuesday. The stock had previously closed at $19.98, but opened at $19.17. Atlas Copco shares last traded at $19.21, with a volume of 9,133 shares trading hands.

Analysts Set New Price Targets

A number of research firms recently weighed in on ATLKY. The Goldman Sachs Group raised shares of Atlas Copco from a “neutral” rating to a “buy” rating in a report on Wednesday, July 22nd. Royal Bank Of Canada reiterated an “underperform” rating on shares of Atlas Copco in a report on Wednesday, August 5th. Citigroup reissued a “buy” rating on shares of Atlas Copco in a research report on Tuesday, October 13th. Finally, Morgan Stanley reissued an “overweight” rating on shares of Atlas Copco in a research report on Tuesday, September 1st. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, two have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy”.

Atlas Copco Stock Up 0.5%

The firm has a fifty day simple moving average of $20.93 and a 200-day simple moving average of $20.27. The company has a market capitalization of $95.12 billion, a PE ratio of 34.26, a P/E/G ratio of 1.49 and a beta of 1.39. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.87 and a current ratio of 1.27.

About Atlas Copco

Atlas Copco AB is a Sweden-based industrial technology company that develops and manufactures equipment, systems and services for a broad range of industrial applications. Its principal business areas include compressed-air and gas equipment, vacuum solutions, industrial tools and assembly systems, and power and flow equipment.

The company’s offerings include air compressors, dryers and treatment systems; vacuum pumps and related equipment; pneumatic, electric and battery-powered tools; automated assembly solutions; generators, pumps and construction equipment.