Atlas Copco AB (OTCMKTS:ATLKY) Short Interest Up 38.0% in August

Atlas Copco AB (OTCMKTS:ATLKYGet Rating) was the recipient of a significant increase in short interest in August. As of August 31st, there was short interest totalling 18,900 shares, an increase of 38.0% from the August 15th total of 13,700 shares. Based on an average trading volume of 512,300 shares, the days-to-cover ratio is presently 0.0 days.

Analysts Set New Price Targets

A number of equities research analysts recently commented on ATLKY shares. Credit Suisse Group started coverage on Atlas Copco in a research report on Friday, June 17th. They issued a “hold” rating and a $141.10 target price on the stock. Sanford C. Bernstein lowered Atlas Copco from a “market perform” rating to an “underperform” rating and set a $84.00 target price on the stock. in a research report on Monday, July 11th. One research analyst has rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $136.74.

Atlas Copco Trading Down 2.4 %

Atlas Copco stock opened at $9.81 on Friday. The company has a current ratio of 1.29, a quick ratio of 0.87 and a debt-to-equity ratio of 0.33. Atlas Copco has a 12 month low of $8.75 and a 12 month high of $17.87. The stock’s 50 day simple moving average is $10.61 and its two-hundred day simple moving average is $12.43. The firm has a market cap of $47.78 billion, a PE ratio of 21.56, a P/E/G ratio of 3.37 and a beta of 1.26.

Atlas Copco (OTCMKTS:ATLKYGet Rating) last released its quarterly earnings data on Tuesday, July 19th. The industrial products company reported $0.12 EPS for the quarter, hitting the consensus estimate of $0.12. Atlas Copco had a return on equity of 29.83% and a net margin of 16.85%. The business had revenue of $3.37 billion for the quarter, compared to analyst estimates of $3.24 billion. Analysts anticipate that Atlas Copco will post 0.44 earnings per share for the current year.

Atlas Copco Company Profile

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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.

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