Alfa Laval (OTCMKTS:ALFVY) Reaches New 1-Year High – Here’s What Happened
by Renee Jackson · The Cerbat GemAlfa Laval AB Unsponsored ADR (OTCMKTS:ALFVY – Get Free Report)’s share price hit a new 52-week high on Tuesday . The stock traded as high as $50.68 and last traded at $50.59, with a volume of 396 shares changing hands. The stock had previously closed at $50.39.
Analyst Ratings Changes
Several research firms recently weighed in on ALFVY. Zacks Research lowered shares of Alfa Laval from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 26th. Barclays reiterated an “overweight” rating on shares of Alfa Laval in a research report on Wednesday, December 3rd. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Alfa Laval in a research note on Wednesday, October 29th. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Alfa Laval in a report on Wednesday, October 29th. Finally, Citigroup restated a “neutral” rating on shares of Alfa Laval in a report on Monday, December 15th. Three analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold”.
Read Our Latest Analysis on Alfa Laval
Alfa Laval Stock Performance
The company has a market capitalization of $20.91 billion, a price-to-earnings ratio of 25.42, a P/E/G ratio of 2.62 and a beta of 1.24. The firm’s 50 day simple moving average is $48.16 and its 200-day simple moving average is $45.97. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.72 and a current ratio of 1.12.
About Alfa Laval
Alfa Laval is an industrial engineering company specializing in heat transfer, separation and fluid handling technologies. Its product portfolio includes plate and tubular heat exchangers, separators and decanter centrifuges, pumps, valves and complete process systems designed to control temperature, separate liquids and solids, and move fluids reliably through industrial processes. The company supplies both standardized components and engineered systems for integration into customer plants and vessels.
The company serves a broad set of end markets including energy and power, marine and offshore, food and beverage processing, water and wastewater treatment, chemical and pharmaceutical production, and pulp and paper.