AB Volvo (OTCMKTS:VLVLY) Sees Large Volume Increase – Still a Buy?

Shares of AB Volvo (OTCMKTS:VLVLY) saw an uptick in trading volume on Tuesday . 405,620 shares traded hands during trading, an increase of 173% from the previous session’s volume of 148,548 shares.The stock last traded at $34.01 and had previously closed at $33.97.

Analyst Upgrades and Downgrades

Separately, Pareto Securities upgraded shares of AB Volvo to a “strong-buy” rating in a research note on Thursday, June 11th. Three investment analysts have rated the stock with a Strong Buy rating, six have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy”.

AB Volvo Price Performance

The firm’s 50-day moving average price is $34.33 and its two-hundred day moving average price is $34.26. The stock has a market cap of $69.32 billion, a PE ratio of 16.79, a PEG ratio of 0.74 and a beta of 1.18. The company has a current ratio of 1.19, a quick ratio of 0.91 and a debt-to-equity ratio of 0.80.

AB Volvo (OTCMKTS:VLVLY) last posted its earnings results on Friday, April 24th. The company reported $0.45 EPS for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.06). AB Volvo had a net margin of 8.32% and a return on equity of 22.17%. The firm had revenue of $11.98 billion for the quarter, compared to analysts’ expectations of $12.42 billion. On average, equities analysts expect that AB Volvo will post 2.33 earnings per share for the current fiscal year.

AB Volvo Company Profile

AB Volvo (Volvo Group) is a Swedish multinational manufacturing company headquartered in Gothenburg. The company designs, manufactures and sells a broad range of commercial vehicles and related systems, including heavy- and medium-duty trucks, buses, and construction equipment. In addition to vehicles and machinery, Volvo supplies marine and industrial power systems through its Volvo Penta division and offers parts, service, telematics and financing solutions to commercial customers worldwide.

Key product and business lines include Volvo Trucks and Mack-branded heavy trucks, a global bus and coach offering, Volvo Construction Equipment, and power systems for marine and industrial applications.