AB Volvo (OTCMKTS:VLVLY) Hits New 1-Year High – What’s Next?
by Tristan Rich · The Markets DailyAB Volvo (OTCMKTS:VLVLY – Get Free Report)’s stock price reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $34.58 and last traded at $34.55, with a volume of 47465 shares changing hands. The stock had previously closed at $33.2395.
Wall Street Analysts Forecast Growth
Several equities analysts have recently weighed in on the company. The Goldman Sachs Group upgraded AB Volvo from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 7th. Deutsche Bank Aktiengesellschaft downgraded AB Volvo from a “buy” rating to a “hold” rating in a report on Tuesday, December 9th. UBS Group lowered shares of AB Volvo from a “strong-buy” rating to a “strong sell” rating in a research report on Tuesday, January 13th. Zacks Research upgraded shares of AB Volvo from a “strong sell” rating to a “hold” rating in a report on Friday, December 19th. Finally, Kepler Capital Markets restated a “hold” rating on shares of AB Volvo in a report on Friday, January 16th. Two investment analysts have rated the stock with a Strong Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold”.
Check Out Our Latest Stock Report on AB Volvo
AB Volvo Stock Performance
The company has a quick ratio of 0.85, a current ratio of 1.12 and a debt-to-equity ratio of 0.79. The stock’s fifty day moving average is $31.20 and its two-hundred day moving average is $29.68. The firm has a market capitalization of $70.17 billion, a price-to-earnings ratio of 17.00, a P/E/G ratio of 5.72 and a beta of 1.13.
About AB Volvo
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.