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Atlas Copco AB (OTCMKTS:ATLKY - Get Rating) saw a significant drop in short interest in September. As of September 15th, there was short interest totalling 12,800 shares, a drop of 32.3% from the August 31st total of 18,900 shares. Based on an average daily trading volume, of 686,500 shares, the days-to-cover ratio is currently 0.0 days. Analyst Ratings Changes
A number of research analysts recently commented on the company. Credit Suisse Group assumed coverage on Atlas Copco in a research report on Friday, June 17th. They issued a "hold" rating and a $141.10 price target on the stock. Sanford C. Bernstein cut Atlas Copco from a "market perform" rating to an "underperform" rating and set a $84.00 price target on the stock. in a report on Monday, July 11th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, Atlas Copco has an average rating of "Hold" and an average target price of $136.74.Atlas Copco Price Performance
ATLKY traded up $0.33 during trading on Thursday, reaching $9.41. 358,758 shares of the company were exchanged, compared to its average volume of 378,644. The company's 50-day moving average is $10.52 and its two-hundred day moving average is $12.28. Atlas Copco has a 12-month low of $8.75 and a 12-month high of $17.87. The company has a market cap of $45.83 billion, a price-to-earnings ratio of 19.96, a P/E/G ratio of 3.08 and a beta of 1.26. The company has a quick ratio of 0.87, a current ratio of 1.29 and a debt-to-equity ratio of 0.33.
Atlas Copco (OTCMKTS:ATLKY - Get Rating) last announced its quarterly earnings data on Tuesday, July 19th. The industrial products company reported $0.12 EPS for the quarter, meeting the consensus estimate of $0.12. Atlas Copco had a return on equity of 29.83% and a net margin of 16.85%. The firm had revenue of $3.37 billion for the quarter, compared to analyst estimates of $3.24 billion. Research analysts forecast that Atlas Copco will post 0.44 earnings per share for the current fiscal year. 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.Featured StoriesGet a free copy of the StockNews.com research report on Atlas Copco (ATLKY)2 Casino Stocks Worth Taking a Look AtThis Small-Cap Healthcare Name Is Outperforming Its IndexWhat Cintas Can Teach Investors About This Bear Market? Blackberry Stock Declines As Results Come In Lukewarm Once AgainThis Little Known Small Cap Is Up 139%: Is The Stock A Buy?
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